๐ Fabric Cryptography has just secured $39.00M in its latest funding round! ๐
๐นAbout: Fabric Cryptography is a cutting-edge startup focused on revolutionizing the field of cryptography through advanced hardware solutions. At the heart of their innovation is the Verifiable Processing Unit (VPU), a specialized chip designed to accelerate cryptographic operations. This chip combines the best features of GPUs and ASICs, offering high performance and flexibility. Fabricโs technology aims to enhance the speed and reduce the cost of running complex cryptographic algorithms, addressing the growing need for privacy and security in digital interactions. Founded by a team of experts from prestigious institutions like MIT and Stanford, Fabric has garnered significant investment to push the boundaries of cryptographic hardware. Their VPU is poised to transform how cryptographic workloads are handled, making them more efficient and cost-effective. With a focus on zero-knowledge proof technology, Fabric is set to play a crucial role in the future of secure digital communications. The companyโs innovative approach is expected to have a significant impact on both the cryptography and blockchain industries. ๐
๐น Lead Investors: Blockchain Capital, 1kx, Polygon Studios, Master Ventures , Matter Labs and many more.
๐น Total Raised: $39.00M.
๐น Project Category: Blockchain Infrastructure.
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