Zama Raises $57M in Series B to Bring End-to-End Encryption to Public Blockchains

[PRESS RELEASE – Paris, Zug, France/Switzerland, June 25th, 2025]

Zama Raises $57M in Collection B to Convey Finish-to-Finish Encryption to Public Blockchains

• With new backing by main U.S. blockchain buyers, Zama turns into the world’s first Absolutely Homomorphic Encryption (FHE) unicorn.
• Funding coincides with the announcement of the Zama Protocol, which allows confidential purposes on any blockchain.
• From July 2025, builders can begin constructing FHE purposes on Zama’s public testnet.

Zama, the open-source cryptography firm constructing state-of-the-art Absolutely Homomorphic Encryption (FHE) options for blockchain, introduced a $57 million Collection B funding spherical co-led by U.S.-based funding companies Blockchange Ventures and Pantera Capital, bringing Zama’s complete funding to over $150 million, and its valuation to north of a billion USD. The brand new funding will assist Zama’s mainnet launch, ecosystem adoption, and analysis efforts to make monetary purposes constructed with FHE scale to 1000’s of transactions per second.

The timing of Zama’s announcement displays the accelerating demand inside the finance ecosystem for applied sciences that allow confidential, scalable, and compliant onchain monetary purposes.

“With this newest increase, Zama turns into the world’s first unicorn within the FHE house, which is a significant milestone for the business. Reaching a $1 billion valuation represents a big improve that displays the market’s confidence in our FHE expertise and our group’s means to ship confidentiality to monetary purposes onchain” mentioned Dr Rand Hindi, CEO and co-founder of Zama.

The funding coincides with the announcement of Zama’s Confidential Blockchain Protocol and its public testnet in July 2025, enabling builders to construct confidential purposes via Zama’s FHEVM, with assist for different EVM chains and Solana to comply with.

Ken Seiff, Co-Managing Accomplice of Blockchange Ventures, mentioned: “Not since I first noticed Ethereum in 2014, have I seen an organization commercializing a completely new expertise that might be as foundational to our world expertise infrastructure. As finance strikes onchain and rules tighten globally, public blockchains are prone to be the primary beneficiaries of what Zama is constructing. However the alternative goes effectively past that, as industries equivalent to well being care, protection, and just about all others that use cloud computing may massively profit from the stepchange in confidentiality and compliance pioneered by FHE, and particularly, Zama.”

“Zama’s FHE protocol launch is a cryptography milestone. By enabling environment friendly, developer-friendly FHE, Zama unlocks safe, compliant, and verifiable dApps for AI, crypto, and cloud,” mentioned Paul Veradittakit, Managing Accomplice at Pantera. “The protocol paves the best way for onchain id, monetary, and shopper purposes—beforehand out of attain for builders.”

Zama’s FHEVM makes it possible to run confidential smart contracts on encrypted data, guaranteeing each confidentiality and composability. Blockchain-native confidentiality unlocks a number of use instances:

• Onchain Finance: Zama allows monetary establishments to securely use public blockchains for a variety of purposes, together with confidential stablecoin issuance and funds, asset tokenization, compliance, and extra.
• Confidential Tokens: The power to maintain balances and quantities encrypted onchain allows blockchain corporations to distribute tokens confidentially. Traders, group members and different token holders now not need to publicly disclose their possession, permitting them to higher handle their portfolio and cut back the chance of being focused by hackers.
• Id and Proof of Humanity: The power to tell apart between people and AI in onchain purposes is crucial to the safety of onchain finance. With the Zama Protocol, utility builders can confirm whether or not a person is human, with out disclosing their id publicly.
• Network States: Zama allows onchain communities and community states to function confidentially. From foreign money to id, governance and registries, it now turns into possible to run key infrastructure on public blockchains.

Zama will use the contemporary funding to advance the sector of FHE and additional commercialize its accessibility to blockchain purposes and past. Zama is actively addressing the core challenges which have traditionally held again FHE adoption:

• Velocity: At present benchmarks, Zama’s FHE expertise is 100x sooner than when the corporate was based, and is now able to supporting most onchain fee use instances. Zama is anticipating its expertise to be 100x extra scalable inside the subsequent 5 years, permitting it to deal with probably the most demanding onchain purposes.
• {Hardware} integration: Utilizing GPUs allows Zama to scale to lots of of transactions per second. Zama is working in the direction of a devoted hardware-accelerated chip to advance FHE efficiency, with the last word purpose of reaching tens of 1000’s of transactions per second.
• Developer usability: Utilizing Zama doesn’t require studying new programming languages. As an alternative, builders can use Solidity and different present languages, and deploy their purposes on their most well-liked chain.

“This spherical additionally underscores a broader shift: confidentiality is now not a distinct segment concern—it’s a foundational requirement. The broad adoption of blockchain in finance is driving demand for safe, confidential computing applied sciences,” mentioned Hindi.

About Zama

Zama is an open-source cryptography firm constructing state-of-the-art FHE options for blockchain. Its expertise allows a broad vary of use instances, from confidential finance to Web3 and community states. Zama was based by Dr. Pascal Paillier and Dr. Rand Hindi, and has the most important analysis group in homomorphic encryption.

To study extra about Zama, customers can go to https://www.zama.ai/.