Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn

Crypto chip company Ingonyama completed a $20 million seed round led by Walden Catalyst, the investor behind AI21 Lab

CointimeCointime2023/11/10 03:30
By:Cointime

Cryptographic chip company Ingonyama has announced the completion of a $20 million seed round of funding, led by Walden Catalyst, the main investor of AI21 Lab, with participation from Geometry, BlueYard Capital, Samsung Next, Sentinel Global, and others. Many of the companies participating in this round heavily rely on zero-knowledge proof technology, including Israeli company StarkWare.

It is reported that Ingonyama's first chip is a programmable parallel computing processor similar to a GPU, but designed specifically for accelerating advanced encryption, specifically for zero-knowledge proofs and fully homomorphic encryption. While the chip is being prepared, the company is collaborating with GPU to develop open-source software that efficiently runs the same cryptography.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Stake to earn
CEC, QTLX, GDV and other popular new coins are in hot progress!
Stake now!

You may also like

Has Altcoin Season Started With FED Heat? Legendary Analyst Answers

Cryptocurrency analyst il Capo answered the question of whether the altcoin season has started in his statement.

Bitcoinsistemi2024/09/19 21:06

How Much Will Bitcoin Price Be If Trump Wins, How Much If Harris Wins? Standard Chartered Announces Big Bull Forecast

At what price level will Bitcoin, the world's largest cryptocurrency, be after the US elections? Here are analysts' opinions.

Bitcoinsistemi2024/09/19 21:06

Vitalik Buterin’s Wallet is Active Again: Detected in Onchain Data

Another movement was detected in the cryptocurrency wallets of Ethereum founder Vitalik Buterin. Here are the details.

Bitcoinsistemi2024/09/19 21:06