Nillion Secures $20 Million in Series A Financing on December 12, 2022

According to relevant media reports, privacy computing network project Nillion secured $20 million in Series A financing on December 12, 2022. Investors in this round include prominent institutions such as Distributed Global, GSR, HashKey Capital, Big Brain Holdings, Chapter One, Inception Capital, SALT Fund, and AU21 Capital. Following this financing, Nillion's latest valuation reached $400 million.Nillion is a computing network that integrates various privacy protection technologies, including non-interactive multi-party computation (MPC), trusted execution environment (TEE), and decentralized secure storage as core technologies. The project achieves a combination of data privacy protection and high-performance processing by encrypting and splitting data for storage, and performing parallel computations without the need for communication.Nillion has broad application scenarios and can be utilized in areas such as Web3 identity authentication, privacy finance, and AI model training, aiming to fully unlock the value of data. With the development of the digital economy and the growing demand for privacy protection, this project addresses the market gap for high-performance privacy computing solutions.Since the Series A financing, Nillion has continued to advance project development. In June 2024, the project conducted a community fundraising round, raising $20 million. In October 2024, Nillion received an additional $25 million in financing. In March 2025, Nillion’s mainnet officially launched, with the NIL token commencing trading on major exchanges and an airdrop event held on March 13. In October 2025, Nillion expanded its blind computation technology to the general-purpose computing sector, further enhancing the platform’s utility and market competitiveness.