Fhenix, a pioneering startup focused on developing a confidential blockchain powered by fully homomorphic encryption (FHE), has successfully raised $15 million in its latest funding round. FHE represents a significant advancement in cybersecurity, allowing encrypted data to be processed without decryption. This technological breakthrough could redefine data privacy and blockchain security. The funding round saw participation from prominent investors including Hack VC, Amber Group, Collider, Primitive Ventures, GSR, Stake Capital, and others. Renowned law firm Orrick advised Fhenix on this financing. Leading the advisory team was Joseph Perkins, supported by Andrew Wallach and Andres Yarto. With this investment, Fhenix aims to further its research and development efforts in cryptographic technologies, potentially setting new standards in the industry.

Blockchain Technology, Cryptography, Venture Capital,Global

https://www.orrick.com/en/News/2024/07/The-Holy-Grail-of-Cryptography-Fhenix-Raises-15-Million