Nillion Raises $25M in Venture

Nillion has successfully raised $25M in a Venture at a $150M valuation led by Distributed Global, Hashkey Capital.

Company Overview

Nillion is a Cybersecurity company headquartered in Zurich, Switzerland, founded in 2021 with 60+ employees.

Data privacy and cybersecurity solutions using secure computation

Fundraising Details

Amount Raised: $25M
Round Type: Venture
Valuation: $150M
Date: 2024-11-24
Investors: Distributed Global, Hashkey Capital

About Nillion

Data privacy and cybersecurity solutions using secure computation The company is positioned in the Cybersecurity sector, serving a growing market with innovative solutions.

Key Information

Headquarters: Zurich, Switzerland
Founded: 2021
Team Size: 60+
Industry: Cybersecurity

What This Means

This funding round demonstrates strong investor confidence in Nillion's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Cybersecurity sector continues to attract significant investment as companies innovate to meet evolving market demands. Nillion's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $150M valuation marks an important milestone for Nillion, positioning the company among notable players in the Cybersecurity industry.

Looking Ahead

With this new capital, Nillion is well-positioned to execute on its growth strategy and continue building innovative solutions in the Cybersecurity space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-11-24. For more information about Nillion, visit their headquarters at Zurich, Switzerland.