Nillion Secures $20 Million in Series A Funding on December 12, 2022

According to media reports, privacy computing network Nillion raised $20 million in Series A funding on December 12, 2022. The round was backed by prominent investors including Distributed Global, GSR, HashKey Capital, Big Brain Holdings, Chapter One, Inception Capital, SALT Fund, and AU21 Capital. Following this financing, Nillion’s total funding reached $65 million, with a latest valuation of $400 million.Nillion is a computing network that integrates multiple privacy protection technologies, combining non-interactive multi-party computation (MPC), trusted execution environments (TEE), and decentralized secure storage. By partitioning and encrypting data for storage and executing parallel computations without communication, Nillion achieves high-performance processing while safeguarding data privacy. The project has broad applications in Web3 identity verification, privacy finance, AI model training, and other scenarios, aiming to unlock the full value of data.With the rapid development of the Web3 industry, the significance of privacy computing technology is increasingly evident. As an innovator in this field, Nillion addresses the balance between data privacy protection and computational efficiency through its unique technical architecture, providing new solutions for the industry.Since its initial funding, Nillion has made notable progress. In June 2024, the project raised $20 million through a community round, and its testnet officially launched in the same month. In October 2024, Nillion completed an additional $25 million financing. In March 2025, the mainnet went live and token trading commenced, followed by listings on major exchanges. By October, Nillion further expanded its blind computation technology to general-purpose computing, demonstrating robust technological advancement and market competitiveness.