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Privacy-focused firm, Nillion, has secured $25m in funding to expand their privacy platform, which includes a blockchain feature. This recent funding round, raising the company’s total funds to over $50m, was led by Hack VC and supported by investors such as Distributed Global and Hashkey. Nillion, who claims to have developed the first Blind Computer, offers its clients secure data storage and complex computation. Co-founder Lukas Bruell highlighted Nillion’s private cloud environment that processes encrypted information without exposing raw data.

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Nillion, a company that focuses on protecting your privacy in the online space, has just earned an awesome $25 million in fresh funding. This huge milestone is to help grow their unique privacy platform–which, cool enough, even has a blockchain option. This isn’t the first time Nillion has raised this kind of money–it actually follows a successful round of funding way back in February.

The latest funding round, which went down on October 30th, was led by Hack VC with additional help from other investors like Distributed Global and Hashkey. Some opinion-shapers in the tech world such as Ansem, Arthur Hayes and Meltem Demirors alongside big-wigs from Worldcoin, Injective and Sei also did their bit. With this, Nillion’s total funds raised are now more than $50 million.

Nillion is really big into beefing up privacy in the digital age. They claim to have created the world’s first Blind Computer. There are over 40 folks hard at work on the project, which finds its home on the Cosmos platform. This includes clever devs from Near, Aptos, Arbitrum, Mantle, IO.net, and Ritual among others. Their focus includes AI, data markets, confidential finance tech and healthcare trends.

Now, if you’re going to use Nillion, here’s what you’ll get. Their clients are after private data storage and complex computation–think secure messaging that can’t be hacked, encrypted trading platforms and stuff like that. They’ve been at it for three years now to make sure your valuable data stays secure, decentralised and private.

Nillion co-founder, Lukas Bruell, shared in a video that when you run a computation, the data is exposed, until Nillion built a “private cloud environment”. With Nillion, a decentralised network of nodes can process this encrypted info without anyone seeing the raw data, and still generate output. Cool, right?

And check this out–according to Nillion’s CEO, Alex Page, some of their technology will even run without a blockchain. They’ve got other cool products for AI developers as well. By the start of 2023, Nillion had graduated alongside 12 other companies from a business accelerator programme called Beacon’s “Cohort 0”. By the end of 2024, Nillion even became a part of the Aptos network.

Source: Cointelegraph