PANews reported on October 31 that the privacy-preserving computing network Nillion announced the completion of a new round of financing of $25 million, led by Hack VC, with participation from a number of venture capitalists and angel investors. To date, its total financing has exceeded $50 million.
According to reports, Nillion was established three years ago with the aim of creating a privacy-preserving computing network through decentralized and privacy-enhancing technologies, such as secure multiparty computation and homomorphic encryption, to provide better protection services for high-value data. Nillion has built the world's first blind computing infrastructure, capable of providing private data storage and computation functions for AI agents, data markets, private DeFi, healthcare analytics, and more.
Related Reading: The privacy-preserving computing network Nillion has completed a new round of financing of $25 million, bringing its total financing to over $50 million to date.
