Niobium raised $5.5M in seed funding led by Fusion Fund to further develop its fully homomorphic encryption (FHE) accelerator chip.
PRIVATEMay 13, 2024
Amount Raised
$5.5 Million
Round Type
Seed
DaytonManufacturingInformation Technology
Investors
Hale CapitalOhio Innovation FundRev1 VenturesMorgan Creek CapitalFusion Fund
Description
Niobium, a custom silicon provider specializing in Zero Trust Computing, has secured $5.5 million in seed funding to further develop and commercialize its fully homomorphic encryption (FHE) accelerator chip. The new funding will be used to explore commercial applications of FHE acceleration in healthcare, finance, blockchain, and digital advertising, among other industries.
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Company Information
Company
Niobium
Location
444 EAST 2ND STREET
Dayton, Ohio, United States
About
Niobium is blazing a new path for the data economy by developing custom hardware solutions for Zero Trust Computing. Niobium is pioneering the first dedicated hardware capable of advancing fully homomorphic encryption (FHE) into commercial applications. This technology keeps data encrypted even during computing, enabling a new class of multi-party machine learning and statistical analysis applications with mathematically guaranteed privacy. Niobium is headquartered in Dayton, Ohio, and has offices in Columbus, Ohio, Portland, Oregon, and San Francisco, California.
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DaytonManufacturingInformation Technology