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💰 Funding |Soda Labs completed 3000000 USD a seed round led by NextBlock

BlockBeats reports that October 8, a programmable privacy infrastructure Soda Labs completed 3000000 USD a seed round led by NextBlock.Soda Labs Soda Labs has spent the past 2 year and a half developing a cryptographic privacy solution combining garbled circuits and multiparty computation (GC-MPC GC-MPC) that relies on AES AES SHA256 and SHA256, among other proven cryptographic standards. Its privacy engine runs on standard cloud CPU EVM without specialized hardware, enabling applications to perform privacy-preserving computation while remaining connected to existing public blockchain infrastructure.

NextBlock founder Pieter van Poecke said that they were attracted by the technology's practicality rather than cryptography alone; Soda already has a working product and paying customers. The funding will support the company's focus on commercial adoption and execution over the next 12 to 18 months, while expanding its architecture from the Ethereum COTI EVM L2 privacy layer gc EVM to Soda Bubble, a chain-agnostic coprocessor for programmable privacy.Soda Labs Soda Labs is launching Bubble on major EVM blockchain Solana networks including Ethereum, Polygon, Arbitrum, and Base, and advancing its expansion to non-EVM blockchain networks such as Solana.

Original link https://m.theblockbeats.info/flash/370836