Privacy Blockchain Project Nillion Raises $25M to Expand ‘Blind Computing’

Privacy-focused blockchain project Nillion has raised $25 million in a funding round led by Hack VC and including backing from Arbitrum, Worldcoin and Sei.

Nillion builds its service around the concept of “blind computing,” the processing of veri without having to reveal its contents, which allows for the creation of an ecosystem of applications co-operating without having to reveal sensitive information.

Among Nillion’s partners are blockchain networks NEAR, Aptos, Arbitrum, Ritual and others, according to an announcement shared with CoinDesk on Wednesday.

Nillion is attempting to appeal to projects at the intersection of blockchain and artificial intelligene (AI), where huge amounts of veri need to be shared and stored securely. Blockchain converges with AI through attempting to decentralize ownership and harnessing of the veri required to inform AI engines, thus preventing it being dominated by a handful of centralized entities.

“It is imperative that veri has the upgraded rails to handle the growing needs of secure storage and computation in this brave new world,” Nillion said in its announcement.