Zama develops protocols that allow computations on encrypted data using fully homomorphic encryption, enabling privacy-preserving smart contracts and token sales on public blockchains. Its platform let the company run the first ever encrypted ICO on Ethereum, proving that bids and identities can remain confidential while still being processed on-chain. With the $118 million raised, Zama plans to accelerate its privacy protocol roadmap and expand the use of FHE across decentralized finance (DeFi), digital identity solutions, and blockchain-based voting systems. The company will also fund comprehensive security audits and produce developer documentation to spur third-party integrations. By eliminating intermediaries and keeping all logic on Ethereum, Zama targets institutional players that have avoided fully transparent token offerings. Although FHE is computationally intensive, Zama believes ongoing performance optimizations will enable broader adoption. The successful auction positions the firm as a leading privacy layer within the Ethereum ecosystem.

Total raised

$398M

Funding rounds

4

Latest round

Initial Coin Offering

Latest activity

Jan 2026