Crypto News & Opinion Chain Reaction raises $70M, emerges from stealth to launch chips designed to compute encrypted data

[MuzzMelbourne]

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https://techcrunch.com/2023/02/23/chain-reaction-raises-70m-emerges-from-stealth-to-launch-chips-designed-to-compute-encrypted-data/

As the networking industry explores homomorphic encryption, blockchains and other cryptographic techniques to take data protection and complex computing to the next level, one big roadblock to many of these working effectively and at scale has been the compute power required to run them. Today, one of the startups that believes it can address that issue is emerging from stealth armed with a hefty amount of funding to take on the industry.

Chain Reaction raises $70M, emerges from stealth to launch chips designed to compute encrypted data

Chain Reaction has been building in stealth mode for around six years, and the original impetus for the company was for privacy applications.

techcrunch.com