What is Zama?
Zama is an open-source cryptography company dedicated to building state-of-the-art Fully Homomorphic Encryption (FHE) solutions. By solving the fundamental challenge of data privacy in the cloud and on blockchain networks, Zama enables developers to build applications that process sensitive information without compromising user confidentiality. The company's market position is defined by its commitment to open-source standards, which facilitates widespread adoption of FHE across diverse sectors, including decentralized finance, healthcare, and secure cloud computing. As organizations increasingly prioritize data sovereignty, Zama's technology serves as a critical bridge between high-performance computing and rigorous privacy requirements.
How much funding has Zama raised?
Zama has raised a total of $131.1M across 3 funding rounds:
Angel/Seed
$1.1M
Series A
$73M
Series B
$57M
Angel/Seed (2020): $1.1M, investors not publicly disclosed
Series A (2024): $73M led by Metaplanet, Protocol Labs, Vsquared Ventures Management, and Multicoin Capital
Series B (2025): $57M supported by Blockchange Ventures and Pantera Capital
Key Investors in Zama
Metaplanet
Metaplanet is an early-stage investment firm that focuses on backing mission-driven founders working on positively disruptive deep technologies, prioritizing long-term investments in tech that supports humanity's survival.
Protocol Labs
Protocol Labs is a research, development, and deployment lab for network protocols that creates software systems to tackle significant challenges through technology breakthroughs and an open-source approach.
Vsquared Ventures Management
Vsquared Ventures is a venture capital firm that focuses on investing in innovative technologies that advance society, supporting entrepreneurs in sectors often perceived as high-risk.
What's next for Zama?
With the recent influx of capital, Zama is poised to transition into a phase of aggressive enterprise-level scaling. The strategic roadmap likely includes the expansion of its engineering team to refine FHE performance metrics, alongside the development of developer-friendly toolkits designed to lower the barrier to entry for blockchain protocols and enterprise software providers. By focusing on the integration of its cryptographic primitives into existing cloud architectures, Zama aims to establish FHE as the industry standard for secure data processing. The company's ability to maintain its open-source ethos while scaling its commercial operations will be a key determinant of its long-term market dominance in the privacy-tech sector.
See full Zama company page
