According to ChainCatcher, Niobium, a fully homomorphic encryption chip provider, announced the completion of a $5.5 million seed round of financing, led by Fusion Fund, with participation from Morgan Creek Capital, Rev1 Ventures, Ohio Innovation Fund and Hale Capital. Niobium is building and commercializing fully homomorphic encryption (FHE) accelerator chips, and the new funds will be used to explore the commercial applications of FHE in industries such as healthcare, finance, and blockchain. At the same time, Niobium also plans to demonstrate the solution and launch a pilot project in the fourth quarter of this year.
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Niobium, a fully homomorphic encryption chip provider, completes $5.5 million in seed round financing
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