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

According to media reports, privacy computing network project Nillion completed a $25 million funding round on October 30, 2024. Investors in this round include Hack VC, HashKey Capital, Maelstrom Capital, Animoca Brands, Manifold Trading, The Rollup, FOMO Ventures, Ansem, Jordi Alexander, and Fiskantes.Nillion is a computing network integrating multiple privacy protection technologies, including non-interactive multi-party computation (MPC), trusted execution environment (TEE), and decentralized secure storage. The project enables the combination of data privacy protection and high-performance processing by encrypting and partitioning data for storage, and performing parallel computations without communication. Nillion’s application scenarios are broad, encompassing Web3 identity authentication, privacy finance, AI model training, and other fields, unlocking the full value of data.Following this funding round, Nillion continues to advance its product development and commercialization. According to project updates, Nillion launched its mainnet on March 24, 2025, and is listed for trading on major exchanges. Additionally, the project has expanded the application scope of blind computation to general-purpose computing, further enhancing the practicality of its technology. With increasing demand for privacy computing, Nillion is expected to play a significant role in key areas such as Web3, fintech, and artificial intelligence.