Fully homomorphic crypto chip provider Niobium completes $5.50 million seed round financing, led by Fusion Fund
2024-05-14 02:34:03
Niobium, a provider of custom crypto chips focused on zero-trust computing, announced the completion of a $5.50 million seed round led by Fusion Fund, with participation from Morgan Creek Capital, Rev1 Ventures, Ohio Innovation Fund, and Hale Capital. It is reported that Niobium is building and commercializing fully homomorphic encryption (FHE) accelerator chips. The new funds will be used to explore commercial applications of FHE in healthcare, finance, blockchain, and other industries. It also plans to demonstrate the solution and launch pilot projects in the fourth quarter of this year.
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