Tech Company Financing Transactions
Nillion Funding Round
On 12/12/2022, Nillion landed $20 million in financing from Distributed Global, AU21 Capital and Big Brain Holdings.
Transaction Overview
Company Name
Announced On
12/12/2022
Transaction Type
Venture Equity
Amount
$20,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The startup aims to provide a new internet infrastructure for securing storage and data computation. "Companies and competitors can collaborate without passing on key information," Yeoh said.
Company Information
Company Status
Private & Independent
Industry
Blockchain
Mailing Address
Zaehlerweg 5
Zug, 6300
CH
Zug, 6300
CH
Phone
Undisclosed
Website
Email Address
Overview
Nillion allows nodes in a decentralized network to work in a unique, non-blockchain, way. While Nillion represents a revolutionary leap from a predecessor technology known as Secure Multi-Party Computation (SMPC), unlike SMPC, network nodes do not have to communicate with one another. Unlike blockchain, nodes do not run immutable ledgers designed to store transaction data.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Alexander Page
Chief Marketing Officer
Andrew Yeoh
Chief Technical Officer
Conrad Whelan
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