News
Imperator joins Nillion's $23M funding round
Nillion raises $23M with Imperator's support, driving secure, privacy-preserving tech for AI and blockchain.
Author
Imperator
Date
30 oct. 2024
We are excited to share that Imperator has participated in Nillion's $23 million fundraising round, which has brought their total funding to over $50 million.
What is Nillion?
Nillion is pioneering a new era of data privacy with the development of the first-ever Blind Computer, a transformative technology designed to create a privacy layer for the internet.
This innovation addresses the increasing need for secure data processing, especially as artificial intelligence becomes a more integral part of our lives. Currently, individuals face a tough choice: keep their data private or leverage AI capabilities. Nillion bridges this gap, allowing users to benefit from AI without compromising data privacy.
The core of Nillion's technology, known as Nillion's Blind Computation (NBC), allows sensitive data to be processed without ever being exposed. Unlike traditional methods, NBC ensures that data remains encrypted throughout the entire computation process, allowing computations to take place while safeguarding privacy.
This groundbreaking approach not only keeps data secure but also puts users in control, enabling:
Encrypted data processing, maintaining privacy at every stage
Full user control over personal information
Computations performed without exposing any underlying data.
This advancement opens up new horizons for blockchain and crypto adoption by making private data compatible with decentralized systems.
Nillion's technology paves the way for:
Privacy-preserving AI, allowing AI services to be used while maintaining data confidentiality.
Secure data marketplaces, where data can be exchanged without compromising privacy.
Private DeFi applications, providing financial services with enhanced privacy protections.
Imperator x Nillion: The Partnership
Imperator has chosen to invest in Nillion for several key reasons. Nillion's technical innovation, specifically the development of Blind Computation, provides a groundbreaking solution for secure computation at scale.
This technology is crucial for the future of privacy in a world increasingly reliant on data-driven services.
Moreover, Nillion's ecosystem integration is noteworthy, with active collaborations with projects such as NEAR, Aptos, Arbitrum, Mantle, IO, and Ritual. This broad ecosystem strategy demonstrates Nillion's commitment to making its privacy layer widely available, which aligns with Imperator's vision for a more interconnected and secure blockchain landscape.
Nillion's focus on developers also played a significant role in Imperator's decision to invest.
With over 40 active projects already utilizing Nillion's technology, the company is making privacy tech accessible to developers, helping to foster innovation in privacy-preserving applications.
Looking Ahead
As market demand for privacy-preserving computation continues to grow, Nillion is positioned to be a leading provider of accessible, secure solutions for real-world applications.
Imperator is excited to support Nillion on this journey.