Grage-based Stay silentA startup building infrastructure for calculated in encrypted data, today announced that it turned off its € 4.8 million seed fund round.
The round has been operated by ArchitaP VC with the participation of the Round A. 16 Z CSX, Cyber.fand, A. Capital Ventures, Polymeric Capital and several prominent Angel investors.
Lucas HelmersCo-founder and CEO, comments: “For more than a decade, industries need to be calculated across personal, distributed datasets, yet privacy and cooperation have never cooperated. The ability to verify the information that is instantly encrypted without publishing data is no longer beautiful-to be well-to-be-if we want to gain transparency, fairness and control in the AI era, but it is necessary-before we are needed. The new cash injection will help us to scale our technology that we believe is the largest unimaginable problem on the InternetThe “
Formed in 2022, Tesio Graz was established by a team from the University Technology. The team was first known to create a Poseidon hash function (now a D-Facto standard on zero-knowledge systems) and then to create a covid -19 infection tracking system. These projects have proven privacy-saving, high-performer cryptography scale.
Tessio creates software that allows multiple parties to cooperate in sensitive data without expressing the inherent information or the need for central beliefs. This data model – a “personal shared state” – called a cryptographic tool called Cosnarks It combines two methods: for the protection of data during a calculation, (multiparte calculation-MPC) and to prove a result (proof-proves of zero-knowledge).
Teso says it has already shown that it can make Cutting Age technology commercially through partnership with Sam Altman World (Previously WorldCain). Tessio was given the responsibility of creating software for his iris matching verification service – was used to give access to the World Network. Tesio solutions ensure that more than 14 million people have biometric data completely encrypted – even to them themselves. It is alleged that the largest MPC-protected datasate on the public record.
“Decentralized calculations have evolved rapidly in recent years. As extended in the use of on-chains, the requirements of the state of the native private shared as the original infrastructure become more and more obvious,“Architaip founder and general partner said, Ash eganThe “Tesio Web 3 is at the top of the building of programmable privacy in the computer stack, and since we first met Lucas in Cosnarks in the Architipe HQ, we have been widely believed in Lucas and the team since we first met. Teso’s mission is wildly brave, and we lock in ‘Private Shared State’ for Crypto We are interested in declaring our partnership with the teamThe “
The agency says it may enable II LLM and autonomous agents to verify and decide information without accessing personal or owned information. The result is increased privacy, strong protection and smart AI.
Equally, decentralized finance (DFI) – such as Stabicons, Which has reached the market over $ 219 billion this year -The trade between relief and privacy continues to stop. Organizations must rely on public blockchain that expresses sensitive data, or create their own infrastructure, which is complicated with complex, defect-prone and broad web.
Teso’s software provides a possible third way: Allows a payment suppliers to securely transaction and identity when proves consent in decentralized networks without publishing underlying data.
Philip CippleThe board member of the world, comments: “We have deployed Tesio to create one of the world’s largest privacy conservation systems. The problem we address is not theoretical, it is a problem that is now needed to solve and it is very important that this national system is created in a way that ensures strong cryptographic privacy, especially with the broad application of this national. Tesio’s infrastructure was the key to filling this mission.“
The capital of this round will be used to increase the team and to scale the technology, the use of Tesio outside of Crypto and DFI is in all sectors where confidential information critical – such as identity verification, financial services and AI.
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