{"id":14635,"date":"2021-11-22T13:20:24","date_gmt":"2021-11-22T12:20:24","guid":{"rendered":"https:\/\/ggba.swiss\/blockchain-powered-privacy-start-up-nym-raises-usd-13-million\/"},"modified":"2023-07-04T13:40:25","modified_gmt":"2023-07-04T11:40:25","slug":"blockchain-powered-privacy-start-up-nym-raises-usd-13-million","status":"publish","type":"post","link":"https:\/\/ggba.swiss\/en\/blockchain-powered-privacy-start-up-nym-raises-usd-13-million\/","title":{"rendered":"Blockchain-powered privacy start-up Nym raises USD 13 million"},"content":{"rendered":"\n<p>Built by leading researchers and experienced developers, <a href=\"https:\/\/nymtech.net\/\" target=\"_blank\" rel=\"noopener\">Nym Technologies<\/a> is an open-source and decentralized infrastructure that offers full-stack privacy. The platform is permission-less and incentivized, empowering developers to build applications that guarantee security against metadata surveillance at the mixnet and credentials levels.<\/p>\n<p>Nym\u2019s revolutionary \u201cmixnet\u201d is the only technology that can defeat nation-state level mass surveillance where the adversary can observe every internet packet in a network at scale, unlike VPNs or even Tor. The start-up based in Neuch\u00e2tel accomplishes this seemingly impossible feat by mixing packets in a series of decentralized nodes and adding dummy traffic as needed.<\/p>\n<p>Nym\u2019s latest Series A financing round in the amount of USD 13 million was led by Silicon Valley based\u00a0<a href=\"https:\/\/a16z.com\/\" target=\"_blank\" rel=\"noopener\">Andreessen Horowitz<\/a>\u00a0(a16z Crypto). Other investors include Barry Silbert\u2019s <a href=\"https:\/\/dcg.co\/\" target=\"_blank\" rel=\"noopener\">Digital Currency Group<\/a>, <a href=\"https:\/\/www.tayssircapital.com\/\" target=\"_blank\" rel=\"noopener\">Tayssir Capital<\/a>, <a href=\"https:\/\/huobi-ventures.medium.com\/\" target=\"_blank\" rel=\"noopener\">Huobi Ventures<\/a>, <a href=\"https:\/\/www.hashkey.com\/\" target=\"_blank\" rel=\"noopener\">HashKey<\/a>, <a href=\"https:\/\/www.fenbushicapital.vc\/index_en.html\" target=\"_blank\" rel=\"noopener\">Fenbushi Capital<\/a>, and more than two dozen operators of validator nodes, or servers responsible for verifying transactions on the start-up\u2019s network.<\/p>\n<h4>The most advanced group of mixnet researchers and engineers ever assembled<\/h4>\n<p>\u201cNym\u2019s network-level technology is essential for any blockchain that strives to offer privacy for its users, and its clever incentive structures set it apart from other solutions,\u201d said Ali Yahya, General Partner at Andreessen Horowitz. \u201cNym\u2019s team may be the most advanced group of mixnet researchers and engineers ever assembled. As demand for online privacy continues to grow, their role in the space will become ever-more important.\u201d<\/p>\n<p>\u201cWe at Nym are very lucky, as it\u2019s historically unprecedented to see support from the best venture capitalists to stop mass surveillance. To make privacy real on the scale of the entire internet, building a real-world working mixnet has long been the missing piece of a puzzle that predates even the origin of Bitcoin,\u201d said Harry Halpin, CEO of Nym Technologies<\/p>\n<p>With a fresh capital injection just before the platform\u2019s decentralized mixnet mainnet launch, Nym Technologies plans to use the funds to expand its community and add a dedicated product team.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Neuch\u00e2tel based privacy start-up Nym Technologies has successfully closed a USD 13 million investment round led by Andreessen Horowitz.<\/p>\n","protected":false},"author":3,"featured_media":14636,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"mc4wp_mailchimp_campaign":[],"footnotes":""},"categories":[836],"tags":[882,895,966],"class_list":["post-14635","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-en","tag-blockchain","tag-cybersecurity","tag-fintech"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - 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