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Zama's homomorphic encryption tech lands it $73M on a valuation of nearly $400M

TechCrunch · 1y ago

Zama's homomorphic encryption tech lands it $73M on a valuation of nearly $400M

Paris-based startup Zama has raised $73 million in a Series A funding round co-led by Multicoin Capital and Protocol Labs, with participation from investors including Metaplanet. Zama plans to use the funds to invest in research and development, expand its team of engineers, and further develop its solutions for blockchain transactions and data exchange in artificial intelligence. The company, which has already signed over $50 million in contract value, aims to build multiplayer, privacy-preserving applications using its homomorphic encryption technology.

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Bitcoin highs and dog-focused memecoins spike, while Binance launches a crypto perfume and Coachella partners with OpenSea

TechCrunch · 1y ago

Bitcoin highs and dog-focused memecoins spike, while Binance launches a crypto perfume and Coachella partners with OpenSea

Bitcoin reached a new all-time high before falling about 3%, while smaller tokens like Bonk and dogwifhat gained traction. Binance's crypto perfume for International Women's Day raised eyebrows and Spain's data protection authority temporarily banned Worldcoin. In other news, Zama secured $73 million in funding for its homomorphic encryption tech, Taiko raised $37 million for web3 infrastructure, and Karma3 Labs raised $4.5 million for trust-building in web3. Additionally, Utila raised $11.5 million for its crypto operations platform, and Firewall secured $3.7 million for smart contract security.

OpenAI's valuation hits $80 bn, tripling in under 10 months: NYT

Reuters

Reuters · 1y ago

OpenAI's valuation hits $80 bn, tripling in under 10 months: NYT

Microsoft-backed OpenAI has completed a deal that values the startup at $80 billion or more, The New York Times reported. It would reportedly sell existing shares in a tender offer led by the venture firm Thrive Capital. OpenAI's valuation has nearly tripled in less than 10 months, making it the third most valuable tech startup, the report added.

Open source Notion alternative AppFlowy gets big-name backers and lands on the cloud

TechCrunch · 1y ago

Open source Notion alternative AppFlowy gets big-name backers and lands on the cloud

AppFlowy, a startup in the workplace productivity space, has raised $6.4 million in funding from notable investors like Matt Mullenweg and Steve Chen. The company offers an open source solution for project and knowledge management, aiming to address concerns around security and customization that come with proprietary software. AppFlowy enables companies to tailor their workspace with modular building blocks and supports community contributions. It also offers self-hosting and a cloud product with end-to-end encryption. The company plans to monetize through a freemium model for its cloud platform. A mobile app is also in the works.

Signal's Meredith Whittaker scorns anti-encryption efforts as 'parochial, magical thinking'

TechCrunch · 1y ago

Signal's Meredith Whittaker scorns anti-encryption efforts as 'parochial, magical thinking'

Signal's president, Meredith Whittaker, warns that the fight over encryption is ongoing and legislative attacks on encryption are driven by misunderstandings and political motives. She highlights a lack of focus on the accountability of tech companies and proposes addressing the root causes rather than extending surveillance. Whittaker also discusses the potential threat to privacy and security posed by messaging interoperability mandates, and identifies Nvidia as a monopolist in the chip industry, along with Microsoft and Google. She stresses the need to recognize the dependence of AI on big tech and the lack of openness in the field.

Google’s quantum boost doesn’t really compute

Livemint

Livemint · 8m ago

Google’s quantum boost doesn’t really compute

Alphabet, the parent company of Google, has seen its stock rise by nearly 12% since the announcement of its new in-house chip called Willow, designed to power quantum computing. Quantum computing uses qubits to perform complex calculations, potentially enabling advancements in areas such as medicine, weather forecasting, and data encryption. However, commercial use of quantum computing is still a long way off. The news has sparked investor interest, and while it doesn't address Google's other challenges, it serves as a reminder of the company's technical capabilities. The company's focus remains on maintaining its dominant position in highly commercial search use cases.

SoftBank-backed InMobi looks to raise $1 billion via Indian IPO - The Economic Times

Economic Times

Economic Times · 17d ago

SoftBank-backed InMobi looks to raise $1 billion via Indian IPO - The Economic Times

InMobi, backed by SoftBank, plans to raise $1 billion through an IPO in Mumbai, aiming for a $5-6 billion valuation. Founded in 2007, it was among India’s early unicorns. The IPO could align with the trend of Indian tech startups pursuing domestic listings rather than overseas options. InMobi's move could contribute to the over $7 billion already raised through Indian IPOs this year, following nearly $21 billion raised last year.

Database startup MotherDuck lands $52.5M to grow its DuckDB-based platform

TechCrunch · 1y ago

Database startup MotherDuck lands $52.5M to grow its DuckDB-based platform

MotherDuck, the company behind the DuckDB lightweight database platform, has raised $52.5 million in a Series B funding round led by Felicis. The startup plans to use the funding to expand its engineering and go-to-market teams. MotherDuck's platform, based on the open-source DuckDB, offers cloud analytics services and can be used for data warehousing and query engine purposes. CEO Jordan Tigani highlights the platform's performance, cost-efficiency, and flexibility compared to alternatives like PostgreSQL, making it a compelling choice for organizations. The company has nearly 2,000 users and aims to bring improvements, such as a better programming notebook experience, to its platform.

Meta to start fully encrypting messages on Facebook and Instagram

Economic Times

Economic Times · 1y ago

Meta to start fully encrypting messages on Facebook and Instagram

Meta Platforms, the parent company of Facebook and Instagram, will reportedly enable end-to-end encryption for messages by default. Facebook users will be automatically shifted to this encryption feature in the coming weeks, with a similar transition for Instagram expected in the New Year. End-to-end encryption, already present in Meta's WhatsApp, ensures messages are readable only by the sender and recipients. While Meta claims encryption enhances user safety, it has faced resistance from governments, including the UK, which urged precautions to protect children from abuse.

Proton is launching a privacy-focused AI chatbot

The Verge

The Verge · 18d ago

Proton is launching a privacy-focused AI chatbot

Proton has introduced Lumo, a privacy-focused AI chatbot that uses zero-access encryption to safeguard user data by storing it locally on devices. Lumo offers functions such as summarizing documents and generating code while ensuring data security during transmission through TLS encryption. Unlike competitors focused on data collection, Lumo emphasizes user privacy by disabling web search by default and using privacy-friendly search engines if allowed. Various open-source language models power it for different tasks.

WhatsApp Threatens To Leave India If Forced To Break Message Encryption

Inc42 · 1y ago

WhatsApp Threatens To Leave India If Forced To Break Message Encryption

WhatsApp has informed the Delhi High Court that it would shut down its operations in India if forced to break its message encryption. This comes as the platform challenges a provision of the IT Rules, 2021, which requires social media intermediaries to identify the first originator of information. WhatsApp argues that tracing messages undermines encryption, violates users' privacy and constitutional rights. The court is currently considering the matter, with the next hearing scheduled for August 14. The Indian government has been seeking greater ability to trace messages on intermediary platforms.

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