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Arcium Acquires Core Tech and Team from Inpher, Supercharging Confidential Computing

November 7, 2024 By Crypto Reporter PR

Arcium, the global supercomputer for a hyper-encrypted internet, has acquired the core technology from Inpher, a confidential computing company powering privacy-preserving machine learning and analytics. Founded nearly a decade ago, Inpher has raised over $25 million from large-scale investors such as JP Morgan and Swisscom. As part of this acquisition, Arcium is onboarding members from the Inpher team to accelerate the development of Arcium ahead of the mainnet launch. Patents acquired from Inpher will be made open-source in line with Arcium’s vision to democratize this cutting-edge tech across Web2 and Web3, driving innovation across various industries.

Arcium is a decentralized confidential computing network that enables secure, trustless execution of computations on fully encrypted data, empowering developers to build confidential applications without exposing sensitive information. By addressing the transparent nature of blockchains, Arcium enables private, secure applications on existing blockchain networks. With the acquisition of Inpher’s technology, Arcium will unlock cutting-edge capabilities in confidential AI training and inference, private federated learning, and large-scale data analysis – all within an end-to-end encrypted environment that ensures robust privacy protection. By combining Inpher’s patented Multi-Party Computation (MPC) innovations with Arcium’s advanced MPC protocols, the platform is evolving to support confidential AI, blockchain, and DePIN applications. Following a successful $5.5 million funding round, this acquisition positions Arcium as the leading platform for businesses and developers seeking to implement confidential computing at scale across a variety of industries.

Yannik Schrade, co-founder, and CEO of Arcium, said: “With this acquisition, we accelerate the adoption of confidential computing and the Arcium mainnet. Inpher’s team of top researchers and PhDs bring advanced MPC solutions that, combined with Arcium’s efficient and trustless execution engine, set a new standard for cloud-level performance data privacy—crucial for scaling decentralized systems.”

Lily Liu, President of the Solana Foundation, said, “The acquisition of Inpher’s confidential computing technology marks a significant milestone for Arcium, enabling them to offer one of the most advanced solutions for encrypted data processing. This move puts Arcium at the forefront of innovation, with the ability to support large-scale, AI and machine learning workloads across decentralized networks.”

Inpher has been at the forefront of researching and developing innovative confidential computing technology with their team of respected researchers and engineers, specifically through their Manticore protocol and XOR implementation, which represent some of the most advanced MPC solutions for confidential machine learning training and inference. This technology allows computations to be carried out on encrypted data without exposing the underlying information, aligning perfectly with Arcium’s vision to redefine every digital interaction by making the internet run entirely on encryption.

Jordan Brandt, Co-founder and CEO of Inpher, said, “With this acquisition, Arcium will rapidly accelerate the future of secure computing and privacy-preserving AI. Inpher’s advanced product and technology capabilities position Arcium as the industry leader in decentralized data privacy and security solutions.”

Arcium is currently conducting its private testnet. For more information about the testnet, see here. More information about the Arcium ecosystem can be found here.

About Arcium

Arcium is a global supercomputer for a new internet, bringing fast, scalable and universal encryption on-chain. Founded in 2022, Arcium provides developers, applications and entire industries with a trustless, verifiable, and efficient framework to run encrypted computations. With Arcium, the internet can use data to its full extent in an entirely encrypted state. Backed by investors such as Greenfield Capital, Coinbase Ventures, Heartcore Capital, Longhash VC, L2 Iterative Ventures and Anagram Arcium’s goal is to allow the entire internet to run on encryption.

Filed Under: Press Releases

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