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What performance milestone will Fabric Cryptography's VPU achieve by June 30, 2025?
2
Resolution / Starting Odds
10x speedup in cryptographic computations • 25%
20x speedup in cryptographic computations • 25%
30x speedup in cryptographic computations • 25%
Other • 25%
Official announcements from Fabric Cryptography or reputable tech news sources
Story
Fabric Cryptography Raises $33M to Develop VPU for Advanced Encryption
Aug 19, 2024, 04:25 PM
Fabric Cryptography, a hardware startup, has successfully raised $33 million in a Series A funding round co-led by Blockchain Capital and 1kx. The company plans to use the funds to develop a new processing unit known as the Verifiable Processing Unit (VPU), which is designed to handle advanced cryptographic computations. The VPU aims to accelerate the adoption of technologies such as zero-knowledge proofs and fully homomorphic encryption by providing a dedicated hardware solution. Fabric Cryptography's initiative is seen as a significant step towards making advanced cryptography more accessible and efficient.
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