PANews reported on October 31 that the privacy-focused and secure computing network Nillion announced the completion of a new round of financing of US$25 million, led by Hack VC and participated by a group of venture capitalists and angel investors. As of now, its total financing has exceeded US$50 million.
According to reports, Nillion was founded three years ago with the goal of creating a privacy-secure computing network through decentralization and privacy-enhancing technologies (such as secure multi-party computing and homomorphic encryption) to provide better protection services for high-value data. Nillion has built the world's first blind computing infrastructure, which can provide private data storage and computing capabilities for AI agents, data markets, private DeFi, healthcare analysis, etc.
Related reading: Privacy-secure computing network Nillion completes $25 million in new round of financing, total financing to date exceeds $50 million
