Crypto company Zama raises $57 million in Series B funding

According to a report by Golden Finance, Zama is the first cryptocurrency company to provide fully homomorphic encryption (FHE) for blockchain. The company announced that it has raised $57 million in Series B funding led by Blockchange Ventures and Pantera Capital. The team stated that this financing will raise Zama's total capital of over $150 million, with a valuation of over $1 billion, making the company the first unicorn to participate in FHE.