{"id":611769,"date":"2024-03-07T15:21:29","date_gmt":"2024-03-07T12:21:29","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/startup-searching-for-holy-grail-of-encryption-raises-73m\/"},"modified":"2024-03-07T15:21:29","modified_gmt":"2024-03-07T12:21:29","slug":"startup-searching-for-holy-grail-of-encryption-raises-73m","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/startup-searching-for-holy-grail-of-encryption-raises-73m\/","title":{"rendered":"#Startup searching for \u2018holy grail\u2019 of encryption raises $73M"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3c58d561891\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3c58d561891\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/startup-searching-for-holy-grail-of-encryption-raises-73m\/#Zamas_quest_for_fully_homomorphic_encryption\" >Zama\u2019s quest for fully homomorphic encryption<\/a><\/li><\/ul><\/nav><\/div>\n<p><img decoding=\"async\" src=\"https:\/\/img-cdn.tnwcdn.com\/image?fit=796%2C417&amp;url=https%3A%2F%2Fcdn0.tnwcdn.com%2Fwp-content%2Fblogs.dir%2F1%2Ffiles%2F2024%2F03%2FUntitled-design-6.jpg&amp;signature=96c4990ae63e649a2f5a9841442ae713\" \/><\/p>\n<div id=\"article-main-content\">\n                            French startup Zama has raised $73mn to commercialise the \u201choly grail\u201d of cryptography: fully homomorphic encryption (FHE).<\/p>\n<p>Conceptually simple but practically complex, FHE <span>enables computations on encrypted data without having to first decrypt it.<\/span><\/p>\n<p>As a result, companies can provide services without seeing their customers\u2019 information.\u00a0The users, meanwhile, won\u2019t notice any difference in the function.<\/p>\n<p>To visualise\u00a0the process, imagine the encrypted data as a locked box and<span class=\"il\">\u00a0the computations as paint. By painting over the box, you can also paint over the data inside. But the changes inside the box will remain hidden from prying eyes.<\/span><\/p>\n<p><span>\u201cThis means sensitive information can remain secure and private even while being processed,\u201d Rand Hindi, the CEO of\u00a0<span class=\"il\">Zama, told TNW. <\/span><\/span><\/p>\n<div class=\"inarticle-wrapper channel-cta\">\n<div class=\"ica-text\">\n<p class=\"ica-text__title\">TNW Conference 2024 &#8211; Group ticket offer<\/p>\n<p>Save up to 40% with our Group offer and join Europe&#8217;s leading tech festival in June!<\/p>\n<\/div>\n<\/div>\n<p><span>\u201cThis is particularly revolutionary because it enables data privacy and security to coexist with utility, allowing for the analysis of confidential information without exposing the underlying data.\u201d<\/span><\/p>\n<p>Its elusive combination of security and accessibility has given FHE an almost mythical status. Hence the frequent holy grail comparisons.<\/p>\n<p>Unlike the realy Holy Grail, however, FHE has already been discovered. The challenge now is commercialising the tech \u2014 which is where Zama comes in.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Zamas_quest_for_fully_homomorphic_encryption\"><\/span>Zama\u2019s quest for fully homomorphic encryption<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Zama has already <span>built a\u00a0<\/span><span><a rel=\"nofollow noopener\" target=\"_blank\" id=\"m_-5877141451459470219OWA8c3c8e0b-da07-7de2-9d02-fc5df1468fe2\" href=\"https:\/\/urldefense.proofpoint.com\/v2\/url?u=https-3A__www.zama.ai_&amp;d=DwMFAw&amp;c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&amp;r=eBR8lJ2gQOuo1CerA1Qx-euZv0s7rI1iIq36baWE9J4&amp;m=gbXkKM-3VoTPkOKoeZSrJuMahEL58-BhoQfuhGtuZr4BwdNyx5R-BXqiVKuv32sZ&amp;s=26JfgVsvC0fGNK5wv6zlWnLRm15inzp71jsqgk3L5Bw&amp;e=\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/urldefense.proofpoint.com\/v2\/url?u%3Dhttps-3A__www.zama.ai_%26d%3DDwMFAw%26c%3DeuGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM%26r%3DeBR8lJ2gQOuo1CerA1Qx-euZv0s7rI1iIq36baWE9J4%26m%3DgbXkKM-3VoTPkOKoeZSrJuMahEL58-BhoQfuhGtuZr4BwdNyx5R-BXqiVKuv32sZ%26s%3D26JfgVsvC0fGNK5wv6zlWnLRm15inzp71jsqgk3L5Bw%26e%3D&amp;source=gmail&amp;ust=1709886580920000&amp;usg=AOvVaw0yTxEsp8DydrdvmkP6Pmgw\">suite<\/a><\/span><span> of open-source cryptographic libraries for FHE development. With the new funding, the startup plans to create a new class of fully homomorphic encryption <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lications.\u00a0<\/span><\/p>\n<p>According to <span>Hindi, those applications could be almost endless. He envisions hospitals securely sharing patient data with medical researchers, banks encrypting transactions while still applying fraud analytics, and ballot systems counting votes without exposing them.<\/span><\/p>\n<p>Cloud computing is another focus area. By using FHE, <span>businesses could securely offload computing tasks to cloud environments without risking the privacy of their data. Search queries, for instance, would remain private, and encrypted data could be securely analysed.<\/span><\/p>\n<p>FHE smart contracts are also under development. Homomorphic encryption can keep <span>the terms and user data hidden without impeding the execution of the contracts.<\/span><\/p>\n<p>These capabilities are already on the market. Zama\u2019s most recent solution<span>,\u00a0<\/span><span><a rel=\"nofollow noopener\" target=\"_blank\" id=\"m_-5877141451459470219OWA70a7842b-0c28-1a87-4404-eae5a391eff3\" href=\"https:\/\/urldefense.proofpoint.com\/v2\/url?u=https-3A__www.zama.ai_fhevm&amp;d=DwMFAw&amp;c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&amp;r=eBR8lJ2gQOuo1CerA1Qx-euZv0s7rI1iIq36baWE9J4&amp;m=gbXkKM-3VoTPkOKoeZSrJuMahEL58-BhoQfuhGtuZr4BwdNyx5R-BXqiVKuv32sZ&amp;s=hS4AL7r8GuwjLPgC-MTLIyY9AuN-xidukorNVMzj9go&amp;e=\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/urldefense.proofpoint.com\/v2\/url?u%3Dhttps-3A__www.zama.ai_fhevm%26d%3DDwMFAw%26c%3DeuGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM%26r%3DeBR8lJ2gQOuo1CerA1Qx-euZv0s7rI1iIq36baWE9J4%26m%3DgbXkKM-3VoTPkOKoeZSrJuMahEL58-BhoQfuhGtuZr4BwdNyx5R-BXqiVKuv32sZ%26s%3DhS4AL7r8GuwjLPgC-MTLIyY9AuN-xidukorNVMzj9go%26e%3D&amp;source=gmail&amp;ust=1709886580920000&amp;usg=AOvVaw2c1RTbZOwfkC3Z7cXayqlG\">fhEVM<\/a><\/span><span>, is touted as the first confidential smart contract protocol for EVM blockchains.<\/span><\/p>\n<p>For the other applications, there are still hurdles to overcome. Further work is required on regulatory compliance, efficiency improvements, and standardisation of practices and protocols. But the holy grail of cryptography is already moving from mythology to reality.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN63nwsw68G3Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more like this article, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/technology\/\" target=\"_blank\" rel=\"noopener\">Technology category.<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/thenextweb.com\/news\/zama-holy-grail-cryptography-fully-homomorphic-encryption\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>French startup Zama has raised $73mn to commercialise the \u201choly grail\u201d of cryptography: fully homomorphic encryption (FHE). Conceptually simple but practically complex, FHE enables computations on encrypted data without having to first decrypt it. As a result, companies can provide services without seeing their customers\u2019 information.\u00a0The users, meanwhile, won\u2019t notice any difference in the function&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":611770,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/img-cdn.tnwcdn.com\/image\/tnw-blurple?filter_last=1&fit=1280,640&url=https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2024\/03\/Untitled-design-6.jpg&signature=948ab8630c1e0912edc2e98f79bcd4aa","fifu_image_alt":"","footnotes":""},"categories":[18],"tags":[],"class_list":["post-611769","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/611769","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=611769"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/611769\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/611770"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=611769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=611769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=611769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}