Zama has raised $73 million from Multicoin, Protocol Labs, for its end-to-end encryption technology ‘FHE’.

Zama, which launched in 2020, describes FHE as the “holy grail” of cryptography. This allows companies to provide services to users without having to see their data and exposing them to greater risk. Zama’s latest product, fhEVM, is a confidential smart contract protocol for Ethereum-compatible blockchains that ensures on-chain data remains end-to-end encrypted during processing.