Munich, Germany - Arcium, the first parallelized confidential computing network, has announced on May 9 that it has completed a $5.5 million strategic funding round led by Greenfield Capital bringing the total capital raised to $9 million. The round saw participation from Coinbase, Heartcore Capital, Longhash VC, L2 Iterative Ventures, Staking Facilities, Smape Capital, and Everstake along with angel investors including Anatoly Yakovenko, co-founder of Solana; Keone Han, co-founder of Monad, Mert Mumtaz, co-founder of Helius Labs, Santiago R Santos, Kenny Li, co-founder of Manta Network and Lucas Bruder, co-founder of Jito amongst others. With the influx of fresh capital, Arcium aims to unleash its goal to provide builders, applications, and ecosystems with a trustless and configurable framework to run encrypted computations.
Leading the strategic funding round Jendrik Poloczek from Greenfield Capital said: “Technology carries the values of the people. The team's commitment to privacy enhancing technologies manifested in pioneering transaction privacy on Solana. Now with Arcium the team is recognizing the bigger picture of confidential compute in the blockchain space. Allowing confidential compute in a decentralized, interoperable and efficient manner unlocks a plethora of exciting new use cases leveraging already existing ecosystems.”
Arcium was founded by Yannik Schrade, Julian Deschler, Nicolas Schapeler, and Lukas Steiner, the team behind Elusiv, an application-layer zero-knowledge (ZK) privacy protocol based on Solana. While at Elusiv, focusing on ZEUS (Zero-Knowledge Encrypted User Safeguarding), the team broadened their privacy tech vision, moving to Arcium to provide trustless, verifiable, efficient encrypted computation for DeFi, DePIN, RWAs, and AI. With the launch of Arcium and the completion of this strategic funding round, the company has embarked on a new chapter for general-purpose on-chain privacy and confidentiality.
Speaking on the launch of Arcium, its co-founder and CEO, Yannik Schrade said, “Our innovative approach melds uncompromised data confidentiality with seamless, fully parallelized execution — a feat not achieved until now. As we spearhead this transformation in data sovereignty, Arcium is reshaping how data is owned and operated across sectors. We’re excited to lead this revolution, making confidential and efficient computation accessible on a global scale.
Arcium implements Multi-Party eXecution Environments (MXEs) that combine MPC, homomorphic encryption, zero-knowledge proofs, and more to enable secure computation on encrypted data. MXEs are a customizable encrypted environment for arbitrary confidential computations, allowing developers to focus on deploying encrypted applications like regular smart contracts. More importantly, Arcium aims to reimagine the privacy and trust distribution standard across the decentralized landscape, offering a vital blueprint for innovation and collaboration in the broader blockchain ecosystem and emerging sectors like DePIN, AI and more.
Congratulating the Arcium team on the milestone, its Angel investor, Anatoly Yakovenko, co-founder, Solana, said “Confidential computing on-chain will be indispensable if we fast forward 5-10 years. It's exciting to see Arcium bring performant confidential computing to Solana, catalyzing more adoption-ready applications.”
Keone Hon, another angel investor, co-founder and CEO of Monad says, “Arcium’s approach to confidential computing mirrors some of the core values driving Monad. As confidential compute emerges as a must-have for blockchains, its focus on performance and developer friendliness makes it ideal to empower high-performing and adoption-ready applications on Monad.”
A core aspect of Arcium’s rollout prior to mainnet launch includes a private incentivised testnet and public testnet. Applications are now open for developers seeking to participate in Arcium’s incentivized testnet. Arcium aims to create a community built on the fundamentals of privacy and confidentiality. Ahead of the mainnet launch, Web3 users can join the Arcium community to engage in activities, earn unique roles, become ambassadors, host meetups, and explore more
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