🚀 Fabric Cryptography has just raised $33 million in Series A funding from Blockchain Capital and 1kx to develop a VPU chip focused on data security!
🔹 Also participating in the investment are Offchain Labs, Polygon, Matter Labs.
🔹 Previously, this startup raised $6 million in funding from Metaplanet, Inflection, Liquid2 Ventures.
💡 VPU chips will speed up and reduce the cost of cryptographic tasks compared to CPUs and GPUs. Production is expected later this year.
👩🎓👨🎓 Founded by MIT and Stanford alumni: Michael Gao, Tina Ju, Sagar Reddy.
🌐 VPU is receiving tens of millions of dollars in orders from the Web3 industry, supporting security and privacy for onchain transactions.
📲 Discuss the future of VPU and blockchain in the comments! ⬇️
