French startup ExistingAn open source cryptography agency for blockchain has announced a 49 million series B Funding Round to support Jameer Mainnet launch and ecosystem adoption today.
This round was co-operated by the Block Change Ventures and Pants Capital in the United States, which raised the jam’s total funds more than $ 129 million and its evaluation is $ 1 billion north.
“With this latest rise, the clothes become the world’s first unicorn in the FHE space, which is a major milestone for art. A billion presents a significant growth to reach 1 billion evaluation that reflects our FHE technology in the market confidence in the market and the financial applications of our team, reflecting the skill of privacy in our team,“Said Dr. Rand HindiCEO and Co-Founder. “Series B. Round was structured to bring the strategic blockchain investors to Jama’s ecosystem, focusing on the price of partnership rather than the introduction of our Mainnet and TokenThe “
Dr. Pascal Pyliere and Dr. Rand Hindi founded in 2024, Jama is an Open Source Cryptography Company, which is the FHE solution building for blockchain. Its technology enables a wide range of usage to the web3 and network states, starting with privacy.
Zammer adoption is increasing significantly using more than 5000 developers using different FHE libraries of jam.
This fund is in line with the introduction of the confidential blockchain protocol of the jam – enables the developers to begin to create confidential applications – initially followed by the Jemar FHEVM with the support of other EVM chains and Solana in the Etherium in 2026.
“Jameer’s complete homemorerphic encryption protocol launch is a cryptography milestone. Enables skilled, developer-friendly FHE, Jama unlocks AI, Crypto and Cloud, unlocks loyal and verifiable DAPS“Said PaulPartner in Pantra. “Protocol is the onchen identity, fake way for financial and consumer applications – before the developers are out of reach beforeThe “
The Job Protocol enables developers to create confidential daps without any knowledge of cryptography. Both Jama’s FH EVM privacy and composition make it possible to run a confidential smart contract on encrypted data with guarantee. Blockchain-Native Privacy Unlocks in several important uses, including:
- Onchen Finance: Public blockchains are safely used for various applications, including issuing financial stabiline and payment, resource tokenization, consent and more.
- Confidential Token: The ability to encrypt the balance and quantity enables blockchain companies to distribute token to blockchain companies. Investors, team members and other token holders no longer have to publicly express their ownership, so that they allow their portfolio to be better and reduce the risk of being targeted by hackers.
- Introduction and Proof of Humanity: The ability to distinguish between people and AI in onchen applications is necessary for the protection of Ochene Finance. With the help of a Jama Protocol, applicants can verify whether a user is human without publicly reveal their identity.
- Network says: Jama is enable the onchen communities and network states secretly. From currency to identity, administration and registry, now it is possible to run the original infrastructure on public blockchains.
“Jobs are commercializing the whole new generation of technology that is handled in blockchain and can finally re -define all cloud computing“Said Why siff, Partner of co-management of Block Change Venture. “This is our third and largest investment. I did not first see Etherium in the 21st, I have seen commercialization of a completely new technology that can be the basis for our global technology infrastructure.
“Since finance onchen and regulations make the global stronger, public blockchains may be the first beneficiaries of what the clothes are building. But the opportunity goes beyond it, because healthcare, defense and virtually all those who use cloud computing may greatly benefit from the privacy of the privacy.The “
Clothes will use fresh funds to fully advance the field of homosphere encryption and to further commercialization of accessibility in blockchain applications and beyond.
To that end, the clothes are actively addressing the main challenges that Histor is behind the FHE adoption, including:
- Speed: In the current criteria, the FHE technology of Jama is 100x faster than the establishment of the company and is now able to support most onchen payments. Jama is hoping that its technology will be more scaleable within the next five years, allowing it to address the most claimant onchen applications.
- Hardware Integration: Clothes are enabled to scale several hundred transactions per second using GPU. The Jama is working towards a dedicated hardware-exeted chip to advance the FHE performance with the final target of several thousand transactions per second.
- Developer usage: The use of clothes does not require learning new programming language. Instead, developers can use viewing and other existing languages and place their applications in their desired chain.
“We believe that in the end most blockchain transactions need to be confidential. Our mainnet is coming, and this testnet gives developers initial access to FHE so they can begin to create and explore this technology for these applications. We have worked hard to remove the Historical Tihasic barriers around performance and accessibility and now we concentrated on power in the hands of builders and real-world products in this technology“Added HindiThe “This round also underscore a more broad shift: privacy is no longer an anxiety – this is a key need. The broad adoption of blockchain in finance is running the demand for confidential computing technologyThe “
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