Zama Raises $57M in Series B to Bring End-to-End Encryption to Public Blockchains
Zama, the open-source cryptography company building state-of-the-art Fully Homomorphic Encryption (FHE) solutions for blockchain, announced a $57 million Series B funding round co-led by U.S.-based investment firms Blockchange Ventures and Pantera Capital, bringing Zama’s total funding to over $150 million, and its valuation to north of a billion USD. The new funding will support Zama’s mainnet launch, ecosystem adoption, and research efforts to make financial applications built with FHE scale to thousands of transactions per second.
The timing of Zama’s announcement reflects the accelerating demand within the finance ecosystem for technologies that enable confidential, scalable, and compliant onchain financial applications.
The funding coincides with the announcement of Zama’s Confidential Blockchain Protocol and its public testnet in July 2025, enabling developers to build confidential applications through Zama’s FHEVM, with support for other EVM chains and Solana to follow.
Zama’s FHEVM makes it possible to run confidential smart contracts on encrypted data, guaranteeing both confidentiality and composability. Blockchain-native confidentiality unlocks several use cases:
Zama will use the fresh funding to advance the field of FHE and further commercialize its accessibility to blockchain applications and beyond. Zama is actively addressing the core challenges that have historically held back FHE adoption:
About Zama
Zama is an open-source cryptography company building state-of-the-art FHE solutions for blockchain. Its technology enables a broad range of use cases, from confidential finance to Web3 and network states. Zama was founded by Dr. Pascal Paillier and Dr. Rand Hindi, and has the largest research team in homomorphic encryption.
Disclaimer: Press release sponsored by our commercial partners.
