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Privasea AB is a confidential AI network that offers fully homomorphic encryption (FHE) to offer a private and secure computing environment. It is powered by the native $PRAI token, which is used for governance and incentivizing nodes.
On January 10, 2025, the Privasea crypto project closed a Series A funding round, reaching $15M in total with two other funding rounds, like Seed and Private rounds.