Nillion, a leader in secure computing networks, just wrapped up a big $25 million funding round led by Hack VC. This brings their total funding to over $50 million across several investment rounds.

They’re known for their innovative Blind Computing technology. This allows them to protect sensitive data by processing it securely without ever revealing what that data is. It’s a game changer for applications that need to handle private data safely.

Interest in Nillion has surged among major blockchain projects and venture capitalists. Their mission? To create a decentralized ecosystem that redefines privacy. CEO Alex Page highlights how crucial this technology is, especially with the growing need for strong data protection.

“Data is more valuable than gold and oil, yet it’s constantly stolen and hacked. Nillion is securing it through decentralization, making it unhackable,” Page said.

This latest funding round saw backing from well-known investors in the blockchain space, including Hack VC, Distributed Global, and HashKey. This strong support shows just how promising Nillion is. Influential figures like Arthur Hayes and Meltem Demirors are also on board, recognizing the value in Nillion’s focus on privacy. Leaders from projects like Worldcoin and Injective have shown their support too.

Nillion is keen on projects that sit at the crossroads of blockchain and artificial intelligence. Secure data sharing and storage are key here. They’ve partnered with names like NEAR, Aptos, Arbitrum, ZKPASS, and Ritual. Their approach uses “privacy-enhancing technologies” (PETs), such as multiparty computation (MPC).

This method lets users securely store valuable data on Nillion’s peer-to-peer network while performing computations directly on masked data. This boosts both security and functionality. At the heart of Nillion’s innovation is Blind Computing, which allows for secure data processing without exposing its contents.

The unique use of Blind Computing has led to partnerships with major blockchain networks, including NEAR, Aptos, Arbitrum, and Mantle. These partnerships, along with venture capital interest, highlight the demand for secure computation. Data breaches and privacy issues are real concerns for businesses and consumers alike.

In the past year, venture capital has increasingly flowed into AI and privacy-focused tech companies, especially in blockchain and decentralized infrastructure. As reported, VCs invested over $213 million in AI-driven projects in the third quarter (Q3).