Arcium builds a parallelized confidential computing network that enables computation on encrypted data using Multiparty Computation Execution Environments (MXEs). Its MXEs combine MPC, homomorphic encryption, zero-knowledge proofs and other techniques to provide verifiable, trustless encrypted computation. The company plans a two-phase road to mainnet: a Private Incentivized Testnet followed by a Public Testnet to validate network performance and scalability. Arcium aims to deliver a customizable encrypted state for on-chain applications to overcome blockchain confidentiality limitations. The startup intends to use the new funding to expand its development efforts. Co-founders are Yannik Schrade, Julian Deschler, Nicolas Schapeler and Lukas Steiner; the company is based in Bern, Switzerland.

Total raised

$6M

Funding rounds

1

Latest round

Equity

Latest activity

May 2024