SMAPE Capital participates in US$5.5M strategic funding round of parallelized confidential computing network Arcium
Arcium provides a network of parallelized confidential computing nodes that allow for trustless, verifiable, and efficient encrypted computation.
So far, data encryption has been implemented while storing and transmitting data, but not yet when data is processed. Confidential computing encrypts and protects data while in use, hence ensuring data now being able to remain encrypted throughout its full lifecycle.
Arcium introduces two essential building blocks of decentralised yet secure confidential computing: 1. the Arx Network and 2. Multiparty Computation Execution Environments (MXEs).
- The Arx Network is a decentralised network of nodes that provide computational power that developers of any blockchain ecosystem can tap into.
- The nodes run Multi-Party Computation Execution Environments (MXE); essentially being a platform that combine the cryptography-based encryption advantages from methods such as Zero-Knowledge Proofs (ZKPs), Fully Homomorphic Encryption (FHE), and Multi-Party Computation (MPC).
With Arcium’s approach, privacy and confidentiality exist side-by-side while also ensuring compliance with legal or regulatory requirements.
Investment thesis fit
Arcium is another infrastructure portfolio company of SMAPE, fitting perfectly to SMAPE’s investment thesis that the future of web3 will be multi-chain, modular and highly scalable.
Astrid (founder & CIO SMAPE Capital) on Arcium: “Arcium is advancing secure computation, which is direly needed in order to make privacy-centric applications possible in web3 (e.g., DePin, DeSci, DeFi, and others) in a regulatory compliant manner.”
Alex (founder & COO SMAPE Capital) on Arcium: “Transitioning from a working technology (ZEUS) within one application (Elusiv) to opening up and developing this technology further so it can be used by any app was certainly a bold move by the team requiring foresight and conviction. We are excited to see them evolve on their journey!”
SMAPE Capital invested alongside the round’s lead Greenfield Capital, Coinbase Ventures, Heartcore Capital, Longhash VC, L2 Iterative Ventures, Staking Facilities, and Everstake. Angel Investors in this round included i.a. Anatoly Yakovenko (Solana), Keone Han (Monad), Mert Mumtaz (Helius Labs), Santiago R Santos, Kenny Li (Manta) and Lucas Bruder (Jito).
SMAPE is a team of seasoned investors and industry thought-leaders investing in internet-native ecosystems that are built by value-driven founders, obsessively solving fundamental problems by shaping the future of doing business. If you want to learn more about us, reach out to us — welcome@smape.capital
