Crypto firm Zama raises $57 million in Series B funding

Zama is a leading encryption company that provides fully homomorphic encryption (FHE) for blockchain. The company stated that it raised $57 million in a Series B financing round led by Blockchange Ventures and Pantera Capital.

The team stated that this financing will bring Zama's total capital raised to over $150 million, with a valuation exceeding $1 billion, making the company the first unicorn company to participate in FHE.