Nillion Secures $25 Million in Financing on October 30, 2024

According to media reports, privacy computing network Nillion completed a $25 million financing round on October 30, 2024. Investors in this round include Hack VC, HashKey Capital, Maelstrom Capital, Animoca Brands, Manifold Trading, The Rollup, FOMO Ventures, Ansem, Jordi Alexander, and Fiskantes, among other prominent institutions and investors.Nillion is a computing network integrating multiple privacy protection technologies, combining non-interactive multi-party computation (MPC), trusted execution environment (TEE), and decentralized secure storage. The platform encrypts and partitions data for storage and enables parallel computation without communication, effectively safeguarding data privacy while delivering high-performance processing. Nillion’s applications span Web3 identity authentication, privacy finance, AI model training, and other sectors, aiming to fully unlock data value.As a key component of Web3 infrastructure, privacy computing has broad development prospects amid increasing focus on data security and user privacy. This financing will further accelerate Nillion’s technological iteration and ecosystem development. Subsequently, the Nillion team achieved important milestones: after completing early-stage financing in December 2024, the project’s mainnet officially launched in March 2025, with the NIL token becoming tradable and listed on major exchanges, earning wide market recognition. In addition, in October 2025, Nillion expanded its blind computation technology to general-purpose computing, continuously broadening the platform’s application scope and technical capabilities.