TACEO raises $5.5M seed to scale its encrypted data collaboration platform with the aim of enhancing privacy and security.

Austria-based TACEO has closed a $5.5 million seed funding round to develop its infrastructure for secure computation on encrypted data. The startup's software allows multiple parties to collaborate on sensitive data without compromising privacy. Their innovative approach utilizes a new cryptographic technique that integrates Multiparty Computation with Zero-Knowledge Proofs. This advancement could greatly enhance privacy and security across multiple applications, particularly in decentralized finance.