Funding Details
- Awarder
- SemiNews
- Date Award
- August 20, 2024
- Vertical
- Cryptography
- Funding URL
- View Funding Page
- Premoney Valuation
-
$6,000,000
- Valuation
-
$39,000,000
Company Info
- Founding Year
- 2024
- Traction
- Fabric Cryptography has received tens of millions of dollars in pre-orders for their VPUs, indicating strong market interest and demand for their technology.
- Organizations Involved
- N/A
- Founders
- Michael Gao, Tina Ju, Sagar Reddy
- Company Description
- Fabric Cryptography is a Silicon Valley hardware startup focused on developing advanced cryptographic solutions through a new kind of chip called the Verifiable Processing Unit (VPU). The VPU is designed to efficiently run advanced cryptographic algorithms, enabling significant improvements in privacy and trust in digital interactions.
- Market
- Blockchain
- Location
-
California,
CA,
US
- Coinvestors
- Blockchain Capital, 1kx, Offchain Labs, Polygon, Matter Labs, Metaplanet, Inflection, Liquid2 Ventures
Links