Privacy Blockchain Project Nillion Raises $25M to Expand 'Blind Computing'

Nillion builds its service around the concept of "blind computing," the processing of data without having to reveal its contents

Privacy blockchain project pivots to 'blind computing' with $25M raise

Privacy-focused blockchain project Nillion has raised $25 million in a funding round to expand its service for processing data without revealing its contents.

The funding round was led by early-stage venture capital firm Hack VC and included participation from angel investors and strategic contributors from Arbitrum, Worldcoin and Sei.

Nillion's service, dubbed "blind computing," is designed to enable the creation of an ecosystem of applications that can cooperate without revealing sensitive information.

According to an announcement shared with CoinDesk on Wednesday, some of Nillion's partners include blockchain networks NEAR, Aptos, Arbitrum, Ritual and others.

The project is aiming to cater to projects at the intersection of blockchain and artificial intelligence (AI), where vast amounts of data need to be shared and stored securely.

Blockchain converges with AI by attempting to decentralize the ownership and harnessing of the data used to inform AI engines, preventing it from being dominated by a few centralized entities.

"It is imperative that data has the upgraded rails to handle the growing needs of secure storage and computation in this brave new world," said Nillion in its announcement.

Read More: Privacy as a Fundamental Human Right

Edited by Jamie Crawley

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