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Zama SAS raised $73 million in a Series A funding led by Multicoin Capital and Protocol Labs to revolutionize data privacy with FHE technology.

PRIVATEMar 07, 2024

Amount Raised

$73 Million

Round Type

Series A

ParisInformation TechnologyArtificial IntelligenceCyber SecurityBlockchainCryptocurrency

Investors

Gavin WoodAnatoly YakovenkoJuan BenetStake CapitalV SquaredBlockchange VenturesMetaplaneProtocol LabsMulticoin Capital

Description

Zama SAS, a startup specializing in open-source cryptography, has raised $73 million in a Series A funding round. The round was led by Multicoin Capital and Protocol Labs, with participation from Metaplane, Blockchange Ventures, VSquared, Stake Capital, Juan Benet, Anatoly Yakovenko, and Gavin Wood. The funding will support the development and expansion of Zama's innovative fully homomorphic encryption (FHE) technology.

Quick answer

Zama raised $73 Million in a Series A round, dated March 7, 2024. Investors: Gavin Wood, Anatoly Yakovenko, Juan Benet, Stake Capital, V Squared, Blockchange Ventures, Metaplane and Protocol Labs. Zama is based in Paris, Ile-de-France, France.

How much did Zama raise?
Zama raised $73 Million in a Series A round on March 7, 2024.
Who invested in Zama?
Gavin Wood, Anatoly Yakovenko, Juan Benet, Stake Capital, V Squared, Blockchange Ventures, Metaplane and Protocol Labs are named as investors in this round.
What does Zama do?
Zama SAS is a pioneering open-source cryptography startup focused on developing fully homomorphic encryption (FHE) technology.We believe people should not care about privacy.
Where is Zama based and how big is it?
Zama is based in Paris, Ile-de-France, France.
Who are the decision-makers at Zama?
Fundz holds 1 contact at Zama. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Zama

Location

Paris, Ile-de-France, France

About

Zama SAS is a pioneering open-source cryptography startup focused on developing fully homomorphic encryption (FHE) technology.We believe people should not care about privacy. Not because it doesn't matter, but because it shouldn't be an issue! From data breaches and surveillance of cloud applications, to blockchain smart contracts where everything is public, doing things privately online is becoming increasingly complicated. The only way to solve this is to make everything encrypted end-to-end, regardless of where the application is running. And the only way this can happen is if homomorphic encryption becomes mainstream. We are a remote-friendly company with headquarters in the centre of Paris.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Zama raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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