TLDR:
– Niobium secures $5.5 million in venture financing to commercialize FHE accelerator chip
– The company is revolutionizing Zero Trust Computing with its innovative cryptography hardware
Niobium, a leading custom silicon provider, has successfully completed a $5.5 million seed fundraising round, marking a significant step towards its future growth and development. The company specializes in Zero Trust Computing and is at the forefront of revolutionizing the field with its innovative cryptography hardware. Niobium’s fully homomorphic encryption (FHE) hardware accelerator is leading its product portfolio and allows for computing on encrypted data, ensuring data privacy. The company plans to leverage the new funding to develop commercial applications for FHE acceleration in various industries.
The technology developed by Niobium allows for a mathematical guarantee of data privacy, further enhancing security measures for businesses. The company’s purpose-built FHE hardware acceleration is designed to unlock new possibilities for the data economy while maintaining complete privacy and confidentiality of data. The funding received by Niobium was led by Fusion Fund, a venture capital firm known for supporting technology companies that leverage data advantages.
Niobium plans to grow its software engineering team, expand its IP protection, and continue optimizing its FHE hardware products with the recent financing. The company’s vision of redefining data privacy through advanced cryptography is now closer to reality, thanks to the backing of investors who share their vision for a more secure digital future.
