Zama Raises $73M From Multicoin, Protocol Labs, for End-to-End Encryption Tech ‘FHE’

Zama, started in 2020, describes FHE as the “holy grail” of cryptography, allowing companies to offer services to users without the need to see their data and expose it to greater risk. Zama’s most recent product, fhEVM, is a confidential smart contract protocol for Ethereum-compatible blockchains, allowing on-chain data to remain end-to-end encrypted during processing.