TACEO develops software that creates a “Private Shared State,” letting parties compute on encrypted data without centralized trust. Its core cryptographic technique, coSNARKs, combines Multiparty Computation (MPC) and Zero‑Knowledge Proofs (ZK) to verify outcomes without revealing inputs. The company was founded by cryptography researchers from Graz University of Technology and has real‑world deployments, including iris verification used by World (formerly Worldcoin). That World deployment keeps biometric data for over 14 million people encrypted and represents the largest known MPC‑secured dataset. TACEO was selected for the a16z CSX accelerator in 2024 and says it will expand use cases beyond crypto and DeFi into identity verification, financial services, and AI. The new capital will be used to grow the team and scale the technology.

Total raised

$6M

Funding rounds

1

Latest round

Seed

Latest activity

Jul 2025