Overview

• Zama’s $57 million Series B round was co-led by Blockchange Ventures and Pantera Capital, bringing its total funding to over $150 million.
• The latest investment values the Paris-based startup at more than $1 billion, making it the first unicorn focused on fully homomorphic encryption.
• Proceeds will support the transition from public testnet to a live Ethereum mainnet in July and expand the company’s developer ecosystem.
• Zama’s protocol enables developers to build encrypted decentralized applications without deep cryptographic expertise, preserving on-chain privacy while maintaining auditability.
• Following its Ethereum launch, Zama is targeting a 2026 integration with Solana and aims to extend its secure computation technology to industries such as healthcare and defense.