ChainCatcher reported that according to CoinDesk, Fabric, a company developing cryptographic "VPU" chips, has completed a $33 million Series A financing round, led by Blockchain Capital and 1kx, with participation from Offchain Labs, Polygon and Matter Labs. The new funds will be used to build computing chips, software and encryption algorithms. The core of Fabric's roadmap is to build a new processing unit called "Verifiable Processing Unit (VPU)", which will be specifically used to process encryption technology.