Nillion network raises $25M for decentralized privacy solutions

Since its graduation from an accelerator in January 2023, privacy solution Nillion has raised a total of $50 million.

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The Nillion network has secured $25 million in a new funding round to support its decentralized privacy platform, which offers an optional blockchain component. This marks the network’s second fundraising round this year, following a previous round in February.

Hack VC led the Oct. 30 round, which was further supported by venture capitalists, including Distributed Global and Hashkey, as well as key opinion leaders such as Ansem, Arthur Hayes and Meltem Demirors and industry leaders from Worldcoin, Injective and Sei. Nillion has now raised more than $50 million in total.

Nillion claims to have built the world’s first Blind Computer. There are over 40 builders in the ecosystem, which is hosted on Cosmos. They include developers from Near, Aptos, Arbitrum, Mantle, IO.net and Ritual, among others AI agents, data marketplaces, private DeFi and healthcare analysts.

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