Galois
Assembly Line
Niobium Secures $5.5 Million in Venture Financing to Commercialize FHE Accelerator Chip
Niobium announced the completion of a $5.5 million seed fundraising round, marking a substantial step towards its future growth and development. This achievement is accompanied by the expansion of its Board of Directors, further strengthening the company’s leadership and strategic capabilities.
Niobium, a leading custom silicon provider, is revolutionizing the field of Zero Trust Computing with its innovative cryptography hardware. A fully homomorphic encryption (FHE) hardware accelerator is at the forefront of its product portfolio. This cutting-edge technology allows for computing on encrypted data, providing a mathematical guarantee of data privacy. Niobium’s purpose-built hardware acceleration for FHE is performance-led for the fastest FHE acceleration, unlocking new possibilities for the data economy.
Niobium is a spin-out from Galois, a consultant group leading advanced cryptography and privacy research and development. The Niobium founders built a dedicated team of the world’s most advanced cryptography experts and world-class chip designers to bring its FHE accelerator chip to market. Over the past two years, Niobium has received significant non-dilutive capital through federal programs focused on the development of the first dedicated hardware capable of advancing FHE into commercial applications.
Niobium will leverage this new funding to develop commercial applications for FHE acceleration, including healthcare and pharmaceutical research, financial fraud detection, blockchain public ledgers, digital advertising, and other use cases where sharing and analyzing data while maintaining complete privacy is paramount. Niobium also plans to grow its software engineering team, expand existing IP protection, and continue to optimize its FHE hardware products.