Nillion Secures $20 Million in Community Round Funding on June 19, 2024

According to relevant media reports, privacy computing network Nillion secured $20 million in a Community round of funding on June 19, 2024. Following this financing, Nillion’s cumulative funding reached a significant scale, with its latest valuation at $400 million.Nillion is a computing network integrating multiple privacy-enhancing technologies, with core capabilities including non-interactive multi-party computation (MPC), trusted execution environment (TEE), and decentralized secure storage. The platform enables parallel computation without communication by splitting and encrypting data, maintaining high-performance processing while safeguarding data privacy.Nillion’s applications are extensive, spanning Web3 identity authentication, privacy finance, and AI model training, fully unlocking the value of data. As demand for privacy protection continues to rise, Nillion’s technical solutions are becoming key infrastructure within the industry.Since its financing, Nillion has achieved several important milestones. The platform launched its testnet in June 2024 and successfully went live with its mainnet on March 24, 2025. Additionally, the NIL token was listed on major exchanges, with international mainstream exchange listings on March 20, 2025, and trading commencing on Bithumb and other exchanges on March 25, 2025. Furthermore, on October 1, 2025, Nillion expanded its blind computation technology to general computing, further enhancing the platform’s application potential.