On June 25, 2025, Zama, a pioneering open-source cryptography firm specializing in Fully Homomorphic Encryption (FHE) for blockchain, announced a successful $57 million Series B funding round. Co-led by Blockchange Ventures and Pantera Capital, this funding elevates Zama's total investment to over $150 million and its valuation to over $1 billion, marking it as the first unicorn in the FHE sector. The capital will facilitate Zama's mainnet launch, enhance ecosystem adoption, and support research aimed at scaling financial applications to thousands of transactions per second. Dr. Rand Hindi, CEO and co-founder, emphasized that this funding reflects market confidence in their technology, which aims to provide confidentiality for on-chain financial applications. The announcement also coincides with the upcoming launch of Zama’s Confidential Blockchain Protocol and public testnet in July 2025, allowing developers to create confidential applications. Zama's advancements in FHE are expected to benefit various industries, including finance, healthcare, and defense, by addressing the growing demand for secure and compliant computing technologies. Read more AI-generated news on: https://app.chaingpt.org/news