Cryptography Startup TACEO Raises $5.5 Million in Seed Funding with Participation from a16z CSX
According to ChainCatcher, TFN reports that Austrian crypto technology startup TACEO has completed a $5.5 million seed funding round, led by Archetype VC, with participation from a16z CSX, Cyber.Fund, a_capital, and Polymorphic Capital. The new funds will be used to enhance infrastructure performance and developer tool development, with a focus on expanding privacy-compliant applications in finance, AI, and stablecoin sectors.
The company’s core technology, “Private Shared State,” enables collaborative computation on encrypted data among multiple parties, and has already successfully supported biometric authentication for 14 million users in Sam Altman’s World ID project. This technology integrates Multi-Party Computation (MPC) and coSNARKs zero-knowledge proofs, allowing for verification of computational accuracy without exposing raw data.
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