According to industry reports, privacy computing network Nillion raised $20 million in Series A funding on December 12, 2022. The round was backed by prominent investors including Distributed Global, GSR, HashKey Capital, Big Brain Holdings, Chapter One, Inception Capital, SALT Fund, and AU21 Capital. Following this transaction, Nillion’s total funding reached $65 million, with a latest valuation of $400 million.Nillion is a computing network that integrates multiple privacy protection technologies, with core capabilities such as non-interactive multi-party computation (MPC), trusted execution environments (TEE), and decentralized secure storage. The project achieves a seamless blend of data privacy protection and high-performance processing by segmenting data and encrypting its storage, enabling parallel computation without the need for communication.As the Web3 ecosystem continues to evolve, data privacy and security concerns are increasingly prominent. Nillion’s technical solutions offer broad application potential across Web3 identity verification, privacy finance, and AI model training, helping to unlock significant data value. Since its initial funding, Nillion has maintained strong momentum: in June 2024, the company completed a $20 million community round; its testnet launched in the same month; and it closed an additional $25 million funding round in October. In March 2025, Nillion’s mainnet officially went live, with the NIL token subsequently listed on major exchanges and debuting on Bithumb on March 25. Additionally, in October, Nillion expanded from blind computation to general-purpose computation, further extending its technological reach.