Zama is a Paris-based company (with offices in Zug and Switzerland) specializing in fully homomorphic encryption (FHE), a technology that allows computations to be performed on encrypted data without revealing it.
Series A (March 2024)
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Raised €67–73 million, including Multicoin Capital, Protocol Labs, Filecoin, Solana, and Ethereum projects
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Launched fhEVM — a module for running private smart contracts on top of EVM chains, keeping data encrypted throughout the process
Launches and testnet (December 2024 – May 2025)
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Launch of fhEVM Coprocessor on the Sepolia testnet (December 2024) — provides ~20 TPS and opens up the possibility of private dApps without complex cryptography
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May 2024 — partnership with Galactica.com: integration of FHE into the Web3 identity stack — private reputations, zk-KYC, tokens
Series B (June 2025)
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Raised $57 million from Pantera Capital and Blockchange Ventures; company valuation reached $1 billion
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Announced Zama Protocol — a privacy layer over existing chains, protecting transactions and states
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Public testnet to launch in July 2025
Zama Testnet Guide
└──Guild.xyz Guide
├──New to Zama & FHE? Start here
├──Developer Program
└──Bounty Program