Niobium on Wednesday introduced elevating $23 million in an oversubscribed funding spherical that brings the entire raised by the corporate to over $28 million.
Based in 2021, Dayton, Ohio-based Niobium is offering a {hardware} accelerator purpose-built for totally homomorphic encryption (FHE) that ensures knowledge privateness.
The startup’s customized PCIe card accelerates the efficiency of FHE software program, enabling computing on encrypted knowledge and tackling the dangers posed by the emergence of quantum computing to current encryption requirements.
Niobium says its {hardware} accelerator comes with help for all main FHE schemes and could be simply inserted into any server for quick integration with current workflows.
In response to the corporate, its resolution makes zero-trust computing (ZTC) possible by supporting high-performance encrypted knowledge processing.
The funding got here from new buyers Blockchange Ventures, ADVentures, Korea Improvement Financial institution (KDB), JobsOhio Development Capital, Rev1 Angels, and Silicon Catalyst Ventures, and former buyers Fusion Fund, Morgan Creek Capital, Rev1 Ventures, and Ohio Innovation Fund.
The brand new funds might be used to speed up the event of the second-generation Niobium totally homomorphic encryption platforms, as they transition to production-ready options.
Niobium will use the funding to finalize manufacturing silicon structure, begin constructing a manufacturing application-specific built-in circuit (ASIC), and enhance infrastructure for early deployments.Commercial. Scroll to proceed studying.
“The rise of AI, quantum computing, and distributed computing has expanded potentialities and dangers within the knowledge economic system. Niobium is constructing the {hardware} basis for the encrypted future, the place privateness is mathematically assured,” Niobium CEO Kevin Yoder stated.
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