Fhenix

growth-positive

Tandem, the venture capital arm of Offchain Labs, has made a strategic investment in Fhenix to integrate Fully Homomorphic Encryption (FHE) into the blockchain ecosystem, including Arbitrum. This partnership aims to enhance privacy and security in blockchain applications, addressing critical confidentiality issues within the Ethereum network. The investment is expected to unlock new use cases such as confidential financial transactions and secure data marketplaces. Fhenix, led by Guy Zyskind, has made significant advancements in making FHE practical for blockchain, positioning it as a key player in cryptographic solutions. This collaboration underscores Tandems commitment to advancing privacy research and facilitating its application within the blockchain ecosystem.

growth-positive

Blockchain developer Fhenix has raised $15 million in a series A funding round led by Hack VC, with participation from Dao5, Amber Group, Primitive, GSR, Collider and Stake Capital. The funds will be used to support the initial stage of its open testnet, Helium, which will allow developers to deploy smart contracts to the Fhenix network for the first time. Fhenix is the first blockchain to integrate fully homomorphic encryption (FHE), a form of cryptography that allows data to be computed blindly without needing to be decrypted. The company recently announced a technical partnership with EigenLayer for the development of FHE Coprocessors.

growth-positive

Fhenix, a Tel Aviv-based startup that aims to bring confidentiality to Ethereum, has raised $15 million in Series A funding. The round was led by Hack VC, with participation from Dao5, Amber Group, Primitive Ventures, GSR, Collider Ventures, and Stake Capital. The company, which has raised a total of $22 million, plans to use the funds to expand operations and its development efforts. Fhenix also announced the release of the initial version of the Fhenix testnet, Helium, which allows anyone to deploy their confidential smart contracts to the network using fully homomorphic encryption.

growth-positive

Israeli startup Fhenix, which is developing a confidential blockchain powered by fully homomorphic encryption (FHE), has raised $7 million in a seed round. The funding was led by Multicoin Capital and Collider Ventures, with participation from Node Capital, Bankless, HackVC, TaneLabs, Metaplanet, and Robot Ventures. The funds will be used to bring the Fhenix Network into public testnet early next year and to support ecosystem application development. Fhenix aims to advance application development in the Ethereum ecosystem by bringing data encryption and encrypted-data computation to smart contracts, transactions, and on-chain assets.