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

According to relevant media reports, privacy computing network Nillion secured $20 million in Series A funding on December 12, 2022. The round was led by prominent investors including 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, earning broad industry recognition.Nillion is a computing network that integrates multiple privacy-enhancing technologies, incorporating non-interactive Multi-Party Computation (MPC), Trusted Execution Environment (TEE), and decentralized secure storage as core components. The project achieves a seamless combination of data privacy protection and high-performance processing by splitting and encrypting data for storage and conducting parallel computations without the need for communication.As data security and privacy protection become increasingly important, Nillion's technical solution offers significant application potential. The project can be widely applied in scenarios such as Web3 identity authentication, privacy finance, and AI model training, fully unlocking data value. Since its inception, Nillion has experienced rapid development, completing a $20 million community round in June 2024 and launching its testnet in the same month. In March 2025, the Nillion mainnet will officially go live, with the NIL token listed on major exchanges and supported by several leading trading platforms. In October 2025, the project will further expand its blind computation capabilities to the general-purpose computing domain, continuously advancing innovation and application of privacy computing technology.