Address

Arcium
Switzerland

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Business classification
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VCID: 14398114
    Profile

    Corporate information


    Registration country
    Investment activity status
    Active investor

    Company type

    Decentralized physical infrastructure network for confidential computing.

    Overview

    Arcium is a decentralized physical infrastructure network for confidential computing. Pioneering for secure data collaboration, the Arcium Network is particularly beneficial to industries reliant on sensitive or valuable data like blockchain, healthcare, and artificial intelligence (AI). The Arcium Network leverages a distributed architecture, consisting of multiple nodes capable of executing Multi-Party Computation (MPC) tasks. These nodes operate collectively to process encrypted data, ensuring that the integrity and confidentiality of the data remain intact throughout the computation process. Each node contributes to the computational task without ever having access to the complete dataset, thereby preventing any single point of failure and ensuring robust data security against potential cyber threats.

    The Arcium Network utilizes an on-chain orchestration mechanism running on the Solana blockchain (and other chains in the future), which facilitates all network management tasks, including computation scheduling, compensation for computational work, and punishment enforcement to maintain network integrity. Nodes within the network form Clusters to handle specific tasks, where they operate under strict protocols to ensure that computations are carried out securely and efficiently. Data remains encrypted throughout its lifecycle in the network, with insights extracted and processed without ever exposing the underlying data. This system not only enhances trust among participating entities but also integrates easily with existing blockchain technologies, reducing the learning curve for developers and enhancing overall efficiency.

    Key features of the Arcium Network include its flexible configuration options, which allow users to customize their MPC setups based on specific security needs and trust levels. This configurability extends to the selection of nodes, choice of MPC schemes, and detailed execution protocols, making the Arcium Network adaptable to a wide range of applications. From secure collaborative AI model training to confidential medical data analysis and beyond, the Arcium Network facilitates a new paradigm of data utilization that prioritizes privacy, security, and collaboration without the need for centralized trust, revolutionizing how sensitive data is handled across various sectors.

    Current employees

    [node:title] photo Julian Deschler
    founder
    [node:title] photo Nicolas Schapeler
    founder
    [node:title] photo Yannik Schrade
    founder
    [node:title] photo Lukas Steiner
    founder

    Funding rounds

    N/A USD 5,500,000


    USD 5,500,000 (9 May 2024)

    Profile Country Notes
    Greenfield Capital Management GmbH Germany Initial investment. Led the round.
    Anatoly Yakovenko Initial investment. Round participant.
    Coinbase Ventures The corporate venturing arm of Coinbase investing in companies building the open financial system. United States Initial investment. Round participant.
    Everstake Crypto staking service. Initial investment. Round participant.
    Heartcore Capital Denmark Initial investment. Round participant.
    Keone Hon Initial investment. Round participant.
    L2 Iterative Ventures Initial investment. Round participant.
    LongHash Ventures Investment fund and accelerator actively collaborating with founders to build their Web 3 model and navigate the Asian crypto landscape. Singapore Initial investment. Round participant.
    Smape Capital Initial investment. Round participant.
    Staking Facilities Initial investment. Round participant.

    Current and past shareholders

    Investor Round
    Anatoly Yakovenko photo Anatoly Yakovenko
    N/A
    Coinbase Ventures logo Coinbase Ventures
    The corporate venturing arm of Coinbase investing in companies building the open financial system.
    N/A
    Everstake logo Everstake
    Crypto staking service.
    N/A
    Greenfield Capital Management GmbH logo Greenfield Capital Management GmbH
    N/A
    Heartcore Capital logo Heartcore Capital
    N/A
    L2 Iterative Ventures logo L2 Iterative Ventures
    N/A
    LongHash Ventures logo LongHash Ventures
    Investment fund and accelerator actively collaborating with founders to build their Web 3 model and navigate the Asian crypto landscape.
    N/A
    Smape Capital logo Smape Capital
    N/A
    Staking Facilities logo Staking Facilities
    N/A