Niobium raises $5.5M to develop fully homomorphic encryption accelerator chip

Niobium has secured $5.5 million in venture financing to develop a specialized accelerator chip for fully homomorphic encryption (FHE). The company has focused on advancing FHE hardware for commercial applications since its inception and has successfully raised significant non-dilutive capital through federal programs over the past two years.

Homomorphic encryption is utilized to achieve unlinkability, irreversibility, and renewability for biometric template protection schemes. This encryption method allows computations to be performed in the encrypted domain.

The funding round was led …

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