Chain Reaction raises $70M, emerges from stealth to launch chips designed to compute encrypted data

News Summary

  • As the networking industry explores homomorphic encryption, blockchains and other cryptographic techniques to take data protection and complex computing to the next level, one big roadblock to many of these working effectively and at scale has been the compute power required to run them.
  • Chain Reaction’s products will shore up the value of predominant blockchain technologies and revolutionize use-cases for blockchain technologies in the not-so-distant future.”Pasha Romanovski, founding partner at Hanaco Ventures, added: “Hanaco has believed in Chain Reaction from the get-go.
  • This is just the beginning from Chain Reaction, as they make great strides in disrupting the traditional and complex market of data center, cloud, and through to edge computing hardware infrastructure.”
  • We saw the potential of combining experience and expertise in analog and system design with algorithms and cryptography to engineer the future of compute infrastructure.
  • We may be the first movers but we think this is the next disruptive technology in the cloud, and you will see others.
  • “Blockchain is the key to securing democracy, decentralization, and freedom, but it is compute intensive.
As the networking industry explores homomorphic encryption, blockchains and other cryptographic techniques to take data protection and complex computing to the next level, one big roadblock to many o [+6053 chars]