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Cryptography Firm Zama Raises $73 Million for FHE Solution

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  • March 10, 2024
  • Fraud / Risk Management, Insights

Zama, a France-based cryptography firm, has secured $73 million in Series A funding for its fully homomorphic encryption (FHE) solution tailored for AI and blockchain applications. Led by Multicoin Capital and Protocol Labs, the investment marks one of the largest venture rounds in France’s history and aims to expand access to FHE technology, allowing developers to implement end-to-end encryption without cryptography expertise. Zama’s platform, The Lending Hub, focuses on improving lending product development, management, and distribution for financial institutions with features like merchant enablement, integration, and analytics.

Cryptography Firm Zama Raises $73 Million for FHE Solution

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