Encryption Startup Niobium Raises $5.5M

May 14, 2024

Niobium, a custom silicon provider specializing in Zero Trust Computing, has secured $5.5 million in seed funding to further develop and commercialize its fully homomorphic encryption (FHE) accelerator chip.

FHE is a type of encryption that allows computations to be performed directly on encrypted data without needing to decrypt it first. This means that sensitive data can be processed and analyzed in a secure environment without ever being exposed in its raw form.

Spun out from Galois, a leading cryptography research and development firm, Niobium boasts a team of cryptography experts and chip designers, and has received substantial non-dilutive funding through federal programs to advance FHE into commercial use.

This article is for informational purposes only. It is not offered or intended to be used as investment or other advice.

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