**Silicon Valley Startup Fabric Cryptography Raises $33M to Revolutionize Data Privacy**

Fabric Cryptography, a Silicon Valley hardware startup, has secured $33 million in a Series A funding round co-led by Blockchain Capital and 1kx. The funding aims to develop a new cryptography processing unit called the Verifiable Processing Unit (VPU), designed to enhance data privacy.

- **Investors:** Offchain Labs, Polygon, and Matter Labs also participated.

- **Previous Funding:** This follows a $6 million seed round led by Metaplanet.

- **Founders:** Michael Gao, Tina Ju, and Sagar Reddy, former MIT and Stanford students.

The VPU, expected to go into production later this year, promises to improve the speed and cost of cryptographic workloads compared to traditional CPUs and GPUs. The startup has already received significant pre-orders from the Web3 industry.

Fabric Cryptography is also developing a software stack to make this technology accessible to developers, ensuring the VPU can adapt to new cryptographic algorithms as they emerge.