CoinVoice has recently learned that the fully homomorphic encryption network Mind Network has announced the completion of a $10 million Pre-A round of financing. Major investors include Animoca Brands, Arkstream Capital, Cogitent Ventures, G Ventures, MH Ventures, Master Ventures, Moonhill Capital, SwissBorg Ventures, IBC Group, etc. This round of financing also attracted well-known angel investors to participate, including Ether.fi CEO Mike Silagadze, and well-known figures in the encryption field Mario Nawfal, Mr Block and Kyle Chassé. After this financing, Mind Network plans to expand its business by integrating more staking protocols and continue to release supporting infrastructure. Users holding staked assets from partner protocols can redeem vFHE on Mind Network and participate in FHE voting.
According to reports, Mind Network is a fully homomorphic encryption (FHE) layer for AI and POS networks. This layer accepts re-pledged tokens from ETH, BTC, and AI Blue Chip tokens, and operates as an FHE verification network, providing consensus, data, and crypto-economic security for POS networks such as decentralized AI, DePIN, EigenLayer, Symbiotic, and Babylon AVS. Mind Network has previously been supported by Binance Labs, Hashkey, Big Brain, Chainlink, and has received funding from the Ethereum Foundation for its FHE research on Ethereum. [Original link]