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INDUSTRY FIRST

Niobium raised $5.5M in seed funding led by Fusion Fund to further develop its fully homomorphic encryption (FHE) accelerator chip.

May 13, 2024•over 1 year ago

Amount Raised

$5.5 Million

Round Type

seed

DaytonManufacturing

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.

Company Information

Company

Niobium Microsystems

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.

Company News

(1 articles)

Wed, 14 May 2025 07:00:00 GMT

Niobium Microsystems - Electronic Design

FundzWatch™ Score

Medium Activity

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