Zama raises $57 million in Series B to bring end-to-end encryption to public blockchains

(Press Release – Paris, Zug, France/Switzerland, June 25, 2025)

Zama raises $57 million in Series B to bring end-to-end encryption to public blockchains

• With new support from leading U.S. blockchain investors, Zama becomes the world’s first fully homogeneous encryption (FHE) unicorn.
• Funding matches the announcement of the Zama Agreement, which allows for confidential applications on any blockchain.
• Starting in July 2025, developers can start building applications on Zama’s public test network.

Open source crypto firm Zama has built the most advanced homotypic encryption (FHE) solution for blockchain, announcing a $57 million B-funded B-financing circular company, Blockchange Ventures and Pantera Capital, bringing Zama’s total financing to a $150 million valuation, along with ITS IT-level Illion Usd. The new funding will support Zama’s mainnet release, ecosystem adoption, and research efforts to enable financial applications to be built at scale, with thousands of transactions per second.

The timing of the Zama announcement reflects the accelerated demand in the financial ecosystem for OnChain Financial applications that are confidential, scalable and compliant.

“With this latest salary increase, Zama became the world’s first unicorn in the FHE space, a major milestone in the industry. A $1 billion valuation represents a significant growth, reflecting the market’s confidence in our FHE technology and the confidentiality of our team for financial applications Onchain on Chain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oonChain oon ”

This funding coincides with Zama’s confidential blockchain protocol and its public testnet announcement, enabling developers to build confidential applications through Zama’s FHEVM and support other EVM chains and Solana’s support.

“Since I first met Ethereum in 2014, have I seen a company commercialize a whole new technology that could be the foundation of our global technology infrastructure. As finance grows globally and with increasing tensions around the world, public blockchains may be all sanitary scope, but the first beneficiary of ZAMA can be established. Others using cloud computing may benefit greatly from the steps of confidentiality and compliance, especially Zama.”

“Zama’s FHE protocol launch is an encryption milestone. By making AI, Crypto and Cloud efficient and developer-friendly, Zama releases secure, compliant and verifiable DAPPs,” said Paul Veradittakit, Pantera’s managing partner. “The protocol paves the way for OnChain identity, finance and consumer applications, which are out of reach for developers.”

Zama’s FHEVM enables confidentiality and syntheticity to run confidentiality on encrypted data. Blockchain local confidentiality unlocks several use cases:

• OnChain Finance: ZAMA enables financial institutions to safely use public blockchains in a range of applications, including confidential Stablecoin issuance and payment, asset tokenization, compliance, and more.
• Confidential Token: The ability to keep balances and amounts encrypted enables blockchain companies to distribute tokens secretly. Investors, team members and other token holders no longer need to publicly disclose their ownership, allowing them to better manage their portfolios and reduce the risk of being hacked.
• Human Identity and Proof: The ability to distinguish humans from AI in OnChain applications is crucial to OnChain Finance’s security. Using the ZAMA protocol, application developers can verify whether a user is human without publicly disclosing their identity.
• Network status: Zama enables Onchain communities and cyber countries to operate in secret. From currency to identity, governance and registry, it is now feasible to run critical infrastructure on public blockchains.

Zama will use new funds to advance the FHE space and further utilize its accessibility to blockchain applications and beyond. Zama is actively responding to the core challenges that have hindered adoption in history:

• speed: Under current benchmarks, Zama’s FHE technology is 100 times faster than when the company was founded and is now able to support most OnChain payment use cases. Zama expects its technology to be 100 times more scalable over the next five years, thus addressing the most demanding OnChain applications.
• Hardware integration: Using GPU can make Zama scale to hundreds of transactions per second. Zama is working on dedicated hardware acceleration chips to improve performance, with the ultimate goal of reaching tens of thousands of transactions per second.
• Developer availability: There is no need to learn new programming languages ​​using Zama. Instead, developers can use ruggedness and other existing languages ​​and deploy their applications in their preferred chain.

“This round also highlights a broader shift: confidentiality is no longer a niche issue, but a fundamental requirement. The widespread adoption of blockchain in finance is driving the need for secure, confidential computing technologies,” Hindi said.

About Zama

Zama is an open source cryptography company that builds state-of-the-art solutions for blockchain. Its technology enables a wide range of use cases from confidential financing to Web3 and network state. Zama was founded by Dr. Pascal Paillier and Dr. Rand Hindi, and has the largest research team in homotypic encryption.

To learn more about Zama, users can visit https://www.zama.ai/.