Nillion Secures $20 Million Series A Funding on December 12, 2022

According to relevant media reports, privacy computing network Nillion secured $20 million in Series A funding on December 12, 2022. The investment round was led by prominent institutions including Distributed Global, GSR, HashKey Capital, Big Brain Holdings, Chapter One, Inception Capital, SALT Fund, and AU21 Capital. Following this financing, Nillion's latest valuation reached $400 million.Nillion is a computing network that integrates multiple privacy-preserving technologies, utilizing non-interactive Multi-Party Computation (MPC), Trusted Execution Environment (TEE), and decentralized secure storage. The network segments and encrypts data for storage and performs parallel computation without communication, achieving a seamless combination of data privacy protection and high-performance processing.In an era where data value is increasingly prominent, Nillion's technological innovations are of significant importance. The platform can be widely applied in scenarios such as Web3 identity authentication, privacy finance, and AI model training, fully unlocking the potential value of data. This funding round reflects the market's growing recognition of privacy computing technologies.The project has achieved substantial development milestones. In June 2024, Nillion completed a $20 million community round of financing, followed by an additional $25 million raised in October 2024. On June 3, 2024, the project officially launched its testnet. In March 2025, Nillion's mainnet went live, with the project token NIL subsequently listed on major exchanges. On March 25, 2025, NIL was listed on Bithumb, marking further recognition in the international market. With continuous technological iterations and upgrades, Nillion expanded from blind computation to general-purpose computation in October 2025, further enhancing the platform's application potential.