Paris-based Zama, specializing in open source cryptography, secured $73 million in Series A funding.

The funding round was led by Multicoin Capital and Protocol Labs, highlighting industry support.

Zama's focus is on fully homomorphic encryption (FHE) to process data securely without decryption.

The company's mission is to democratize FHE for developers through easy-to-use open source tools.

FHE's potential in enhancing data privacy and security in blockchain and AI is driving interest.

Zama has already improved FHE performance, broadening its applicability in technology sectors.