According to industry reports, privacy computing network project Nillion secured $20 million in Series A funding on December 12, 2022. Investors in this round included prominent firms such as Distributed Global, GSR, HashKey Capital, Big Brain Holdings, Chapter One, Inception Capital, SALT Fund, and AU21 Capital. Following this financing, Nillion’s total funding reached $65 million, with its latest valuation at $400 million.Nillion is a computing network that integrates multiple privacy protection technologies, combining non-interactive multi-party computation (MPC), trusted execution environments (TEE), and decentralized secure storage solutions. The project encrypts and segments data for storage, enabling parallel computation without communication, thereby achieving an optimal balance between data privacy protection and high-performance processing.Nillion offers a broad range of applications, spanning Web3 identity verification, privacy-centric finance, and AI model training, fully unlocking the value of data. As demand for privacy computing continues to rise, Nillion’s technology is positioned to play a pivotal role in advancing data privacy protection and compliant data utilization.Since its Series A funding, Nillion has continued to drive product development. The project officially launched its testnet on June 3, 2024, completed community round and subsequent funding in June and October 2024 respectively, and launched its mainnet on March 24, 2025. The NIL token was listed on major exchanges simultaneously. In October of the same year, Nillion further expanded its blind computation capabilities to general-purpose computing, significantly enhancing the platform’s potential for broader applications.