Zama is a cryptography startup building a modular framework for fully homomorphic encryption (FHE) on-chain, Zama protocol. It enables encrypted smart contract execution without exposing user data, unlocking new use cases in AI, DePIN, and privacy-first dApps.
The team has raised $130M across two rounds: $73M in Series A and $57M in Series B at a $1B valuation. Backers include Multicoin, Protocol Labs, Pantera, Blockchange, and others.
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