Niobium’s $23M Boost: Supercharging Encryption for a Quantum-Proof Future!
Niobium just scored $23 million in a funding round hotter than a jalapeño in July. Based in Dayton, Ohio, Niobium is revolutionizing data privacy with a hardware accelerator for fully homomorphic encryption. Now they can turbocharge encrypted computing, making zero-trust computing feasible and giving quantum threats a run for their money!
Hot Take:
When it comes to encryption, Niobium is raising the bar—and $23 million to boot! They’re out to prove that in a world full of quantum leaps, they’re the nerdy knights in shining PCIe armor, armed with fully homomorphic encryption to fend off the dark forces of data breaches. Watch out, cybercriminals, there’s a new sheriff in town, and he’s packing a custom-built hardware accelerator!
Key Points:
- Niobium has raised a total of $28 million, with $23 million from the latest funding round.
- The company is pioneering a hardware accelerator for fully homomorphic encryption (FHE).
- Niobium’s PCIe card supports all major FHE schemes and facilitates zero-trust computing.
- Funds will be used for developing second-gen FHE platforms and production-ready solutions.
- Investors include Blockchange Ventures, KDB, JobsOhio Growth Capital, and more.
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