Tech Company Financing Transactions
Fabric Cryptography Funding Round
Fabric Cryptography closed a $33 million Series A funding round on 8/19/2024. Investors included 1kx, Blockchain Capital and Matter Labs.
Transaction Overview
Company Name
Announced On
8/19/2024
Transaction Type
Venture Equity
Amount
$33,000,000
Round
Series A
Investors
1kx (Lead Investor) (Wei Dai)
Blockchain Capital (Lead Investor) (Yuan Li)
Proceeds Purpose
This Series A will fund the development of the next generation of Fabric's VPU chips and the scaling of Fabric's software and cryptography teams to develop additional software and cloud infrastructure to support growing market demand.
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
2010 El Camino Real 1278
Santa Clara, CA 95050
USA
Santa Clara, CA 95050
USA
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Modern cryptography has been the guardian of our digital world for half a century. Today, we stand at the threshold of its next evolution. At Fabric, we empower both cryptographers and cryptography engineers -- the innovators and builders -- to push boundaries. Our chip doesn't commit to a single system. Instead, we've accelerated core cryptographic primitives, providing a flexible foundation for transforming breakthrough research into real-world applications.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Michael Gao
Chief Scientific Officer
Tina Ju
Founder
Dave Garrett
Founder
Sagar Reddy
Vice President
Gilbert Hendry
VP - Bus. Development
Yuri Bukhan
VP - Bus. Development
Sean Hackett
VP - Human Resources
Abe Penuelas
VP - Operations
Ray Clancy
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