Privasea Secures $5 Million Seed Round Led by Binance Labs

Privasea, a data-flow security company, secured a $5 million seed round led by Binance Labs, Gate Labs, K300, and QB Ventures.

Binance Labs, Chainlink, MH Ventures, K300, QB Ventures, and DePIN AI Network Privasea all contributed to the $5 million seed round that was led by Binance Labs, Gate Labs, K300, and QB Ventures. With the fresh funding, the business will be able to expand its user base and strengthen its product development efforts.

With the use of a distributed computer network, Privasea plans to develop the integration of Fully Homomorphic Encryption Machine Learning (FHEML). Improvements in network-wide efficiency, security, and computing are on the horizon thanks to the integration of FHE with machine learning capabilities. To ensure the safety of sensitive data while it is being processed, Fully Homomorphic Encryption (FHE) makes computations on encrypted data easier.

The “ImHuman” decentralized application (dApp) is the first of its kind to utilize FHE technology. It will use FHE to securely execute the “proof of human,” providing a trustworthy and unchangeable way to confirm that users are human when they access digital content.

They claim that its data and computing strategies, in combination with DePin’s decentralized approach to physical infrastructure, can revolutionize the way infrastructure management is approached and engaged with.

Cutting-Edge Privacy Computing Technology from Privasea

Privasea is a data-flow security company that has been around since 2022 and makes end-to-end privacy computing solutions. Ensuring privacy and computing integrity, the organization offers a secured data source, smart access rights management, bespoke integrations, continuous deployment, and updates. The owner retains control over the data.

Recently, Privasea and BNB Greenfield blockchain worked together to incorporate Privasea’s privacy technology into BNB Greenfield’s storage platform and blockchain. Storage users throughout the world may expect improved safety, management, and functionality as a result of our partnership.

Privasea is in the forefront of changing the dynamics of the digital domain, as seen by its dedication to security-enhancing technologies and its recent funding round.