Nillion builds a privacy-focused blockchain service around the concept of "blind computing," which allows data to be processed without exposing its contents. Its technology is designed to enable ecosystems of applications to cooperate while keeping sensitive information concealed. The company is positioning itself at the intersection of blockchain and AI, aiming to support use cases where large amounts of data must be shared and stored securely. Nillion lists partnerships with blockchain networks including NEAR, Aptos, Arbitrum, Ritual and others. The team says its offering addresses needs for upgraded rails for secure storage and computation as AI and decentralized data converge. Financially, the company recently raised capital to expand its blind computing efforts. Nillion is building a non-blockchain decentralized network that provides infrastructure for securing storage and data computation. Its technology centers on Nil Message Compute (NMC), a cryptographic primitive developed by the team’s chief scientist, Miguel de Vega. The startup says the network enables very fast computations of secured data and storage that blockchains cannot handle, and its early writings indicate a token is planned for the future. Nillion was founded in November 2021 and bootstrapped until this raise; it currently has more than 40 employees. The company has signed over 30 letters of intent with potential customers across decentralized exchanges, layer-1 projects, AI/ML firms, legal and healthcare organizations. Short-term plans include delivering an end-to-end prototype within weeks, launching an initial suite of products and a public network by the end of next year, and hiring engineering talent to build the technology.

Total raised

$45M

Funding rounds

2

Latest round

Equity

Latest activity

Oct 2024