Fabric Cryptography (Series A)
Funding Details
Awarder
SemiNews
Date Award
August 20, 2024
Vertical
Cryptography
Premoney Valuation
$6,000,000
Valuation
$39,000,000
Funding Amount
$33,000,000
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.
Founders
Michael Gao, Tina Ju, Sagar Reddy
Market
Blockchain
Location
California, CA, US
Coinvestors
Blockchain Capital, 1kx, Offchain Labs, Polygon, Matter Labs, Metaplanet, Inflection, Liquid2 Ventures
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.

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