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

According to relevant media reports, privacy computing network project Nillion secured $20 million in Series A funding on December 12, 2022. Investors in this round included 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 integrating multiple privacy protection technologies. Its core technologies include non-interactive multi-party computation (MPC), trusted execution environment (TEE), and decentralized secure storage. By splitting and encrypting data for storage and enabling parallel computational processing, the project achieves a seamless combination of data privacy protection and high-performance computing without the need for communication.As the Web3 ecosystem evolves, data privacy and security concerns have become increasingly prominent. Nillion's solutions have broad application prospects across various scenarios such as Web3 identity authentication, privacy finance, and AI model training, unlocking the full value of data. Since its funding round, the project has developed rapidly. In June 2024, Nillion launched a community funding round and raised $20 million; in October of the same year, it completed an additional $25 million in financing. In March 2025, Nillion's mainnet officially went live, with its native token NIL subsequently listed on major exchanges, marking the project's entry into the practical application stage. In October of the same year, Nillion expanded its blind computation technology to the field of general-purpose computing, further broadening its application scenarios and market potential.