Nillion Secures $25 Million in Funding on October 30, 2024

According to media reports, privacy computing network Nillion secured $25 million in funding on October 30, 2024. Investors in this round include prominent institutions such as Hack VC, HashKey Capital, Maelstrom Capital, Animoca Brands, Manifold Trading, The Rollup, FOMO Ventures, Ansem, Jordi Alexander, and Fiskantes.Nillion is a computing network that integrates multiple privacy-preserving technologies. Its core technologies include non-interactive multi-party computation (MPC), trusted execution environment (TEE), and decentralized secure storage. The project achieves parallel computation without communication by splitting and encrypting data for storage, effectively combining data privacy protection with high-performance processing. Nillion’s applications are extensive, spanning areas such as Web3 identity authentication, privacy finance, and AI model training, thereby fully unlocking the value of data.As privacy protection becomes a critical topic in the blockchain and Web3 industries, Nillion addresses a significant market gap. The project has made notable progress in its subsequent development: in March 2025, it expanded blind computation to general-purpose computation and successively listed on major exchanges for trading. The mainnet also officially launched in March 2025. These milestones demonstrate the strong market demand for privacy computing solutions and lay a solid foundation for Nillion’s leading position in data privacy protection.