Fabric Cryptography

Fabric Cryptography

Verifiable Processing Unit hardware for cryptography

Overview

Fabric Cryptography builds hardware-software co-designs around cryptographic workloads, anchored by its Verifiable Processing Unit (VPU), a custom silicon processor optimized for the mathematical blocks behind cryptographic algorithms. It blends hardware acceleration with a GPU-like software stack, including an LLVM-based compiler, so developers can target the device for fast cryptographic computations. Its initial focus is blockchain infrastructure where Zero-Knowledge Proofs are key, with plans to expand into enterprise data centers across finance, medtech, AI, and insurance. The goal is to make privacy-preserving techniques like ZKPs and Fully Homomorphic Encryption practical at scale by combining efficient hardware with accessible tooling.

About Fabric Cryptography

Simplify's Rating
Why Fabric Cryptography is rated
C+
Rated C on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Hardware

Fintech

Cybersecurity

Company Size

11-50

Company Stage

Series A

Total Funding

$39M

Headquarters

San Francisco, California

Founded

2021

Simplify Jobs

Simplify's Take

What believers are saying

  • Enterprise expansion into finance, medtech, AI, insurance demands privacy-preserving computation at scale.[2]
  • Mass production readiness enables VPU deployment across blockchain infrastructure and decentralized applications.[2]
  • Hardware-software codesign team leverages AI chip expertise to dominate cryptography acceleration market.[2]

What critics are saying

  • Nvidia CUDA 13.2 delivers 5x VPU performance on H100 chips via software emulation.[3]
  • Zama ASIC captures enterprise FHE deals with 10x TFHE throughput over VPU.[3]
  • US CHIPS Act audit disqualifies $50M subsidy, forcing 30% tape-out cost hike.[3]

What makes Fabric Cryptography unique

  • Custom silicon VPU accelerates cryptographic primitives like ZKPs and FHE versus general-purpose GPUs.[1][2]
  • Compiler optimizes plonky2, plonky3, GKR, halo2, Jolt/Lasso, Nova, TFHE algorithms for production deployment.[1]
  • Polygon Labs integrates VPUs into AggLayer, zkEVM, Miden ecosystem with tens of millions in pre-orders.[1]

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Funding

Total Funding

$39M

Above

Industry Average

Funded Over

2 Rounds

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Above Average

Industry standards

$15M
$8.2M
Discord
$15M
Canva
$30M
Kalshi
$33M
Fabric Cryptography

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Paid Vacation

Paid Holidays

Remote Work Options

Company Equity

Company News

NFTevening
Feb 2nd, 2026
Binance Lists Zama (ZAMA) For Spot Trading With Seed Tag

Binance lists Zama (ZAMA) for spot trading with Seed Tag. By NFTevening February 2, 2026 Key Takeaways * ZAMA's listing introduces "HTTPS for blockchains," enabling native, end-to-end encryption for smart contracts without sacrificing composability. * Unlike ZKPs, Zama's FHE technology allows nodes to process and compute data while it remains completely encrypted. * ZAMA utilizes a "Burn-and-Mint" model, burning 100% of transaction fees to create constant deflationary pressure from usage. The landscape of Web3 privacy underwent an interesting shift today as Binance announced the platform lists Zama (ZAMA) for spot trading today on February 2, 2026. The ZAMA listing marks the arrival of the "HTTPS for blockchains" era, where confidentiality becomes a native utility rather than a luxury. By applying the Seed Tag, Binance highlights Zama as a high-potential infrastructure play that bridges the gap between radical transparency and enterprise-grade data security. As the regulatory environment demands greater transparency, Zama provides the essential technological shield required for enterprise adoption. What is Zama (ZAMA)? Founded since 2020, Zama spearheads a new era of "confidentiality-by-design" within the blockchain landscape. The protocol is transforming public ledgers into secure environments for sensitive data. While the industry has long sought the "Holy Grail" of cryptography, Zama has delivered it through Fully Homomorphic Encryption (FHE). Zama's technology enables nodes to process encrypted intents without ever accessing the plaintext data. Unlike Zero-Knowledge Proofs, which simply verify a secret's existence, Zama's protocol allows for entirely private DeFi operations, ranging from encrypted lending to shielded liquidations. The ecosystem is rapidly expanding through the fhEVM (Fully Homomorphic Ethereum Virtual Machine), a privacy layer that allows mainstream networks like Ethereum and Solana to gain confidential computing powers. To ensure scalability, Zama is collaborating with Fabric Cryptography to develop FPGA acceleration cards. Their partnership aims to boost transaction speeds by 10x to 100x while slashing gas costs by two orders of magnitude. Furthermore, the protocol's recent joint venture with Zaiffer has introduced the ERC-7984 standard, allowing users to wrap standard tokens into confidential versions with encrypted balances. Recently, the team achieved a 100x optimization in computation speed, making FHE viable for high-frequency on-chain interactions. Beyond simple transfers, Zama's technology facilitates complex logic like private voting, shielded lending, and confidential dark pools. Every byte of information processed via Zama maintains its integrity without sacrificing its secrecy. Consequently, users no longer need to trust a third party; they only need to trust the mathematics of lattice-based cryptography. Zama (ZAMA) token details. The ZAMA token acts as the functional currency for the entire confidentiality layer. It functions as a specialized utility asset that orchestrates the relationship between dApp developers and the decentralized network of node operators. Unlike traditional governance tokens, ZAMA carries a direct economic link to the volume of confidential computations occurring across the network. Central to this value capture is the "Burn-and-Mint" Equilibrium. Every time an encrypted transaction is processed, a fee is paid in ZAMA. The protocol then burns 100% of these fees, creating a constant deflationary pressure proportional to network adoption. To maintain security, new tokens are minted and distributed as rewards to validator nodes who successfully process these encrypted inputs. Such a mechanism makes sure that the network remains self-sustaining while rewarding long-term holders as the ecosystem expands. * Token Symbol: ZAMA * Standard: Multi-chain support (Ethereum ERC-20 and BNB Smart Chain BEP-20) * Contract (ETH): 0xa12cc123ba206d4031d1c7f6223d1c2ec249f4f3 * Contract (BSC): 0x6907a5986c4950bdaf2f81828ec0737ce787519f * Total Token Supply: 11,000,000,000 ZAMA * Circulating Supply: 2,250,000,000 ZAMA * Utility Roles: Facilitates FHE gas payments, enables staking for the Threshold Protocol, and powers decentralized governance votes. Institutional backing & team. Zama's roadmap is executed by a powerhouse team of over 100 professionals, including industry-leading cryptographers and nearly 40 PhDs. The project's financial foundation is equally robust: * Funding Milestone: Total capital raised exceeds $176 million across multiple rounds. * Valuation: Surpassed the $1 billion "unicorn" mark following the Series B led by Blockchange and Pantera Capital. * Network of Investors: 29 institutional backers, including Signum Capital, Metaplanet, and notable angel investors like Solana's Anatoly Yakovenko. Binance listing information. Binance officially opened spot trading for Zama today, February 2, 2026, at 13:00 (UTC). Due to the project's innovative nature, Binance applies a Seed Tag for ZAMA, requiring users to pass mandatory risk quizzes every 90 days, ensuring only informed participants engage with this early-stage infrastructure. * New Trading Pairs: ZAMA/TRY, ZAMA/USDC, and ZAMA/USDT. * Pre-Launch Migration: Alpha Account holders received access to transfer their ZAMA to Spot Wallets precisely 15 minutes before the trading bells rang. * Reward Pool: 55,000,000 ZAMA has been reserved for liquidity mining and community incentives. * Withdrawals: Commencing February 3, 2026, at 13:00 (UTC). Disclaimer NFTevening is an award-nominated media outlet that covers NFTs and the cryptocurrency industry. Opinions expressed on NFTevening are not investment advice. Before making any high-risk investments in cryptocurrency or digital assets, investors should conduct thorough research. Please be aware that any transfers and transactions are done at your own risk, and any losses incurred are entirely your responsibility. NFTevening does not endorse the purchase or sale of any cryptocurrencies or digital assets and is not an investment advisor. Additionally, please note that NFTevening participates in affiliate marketing.

DailyCoin
Sep 10th, 2024
Polygon (MATIC) Eyes AI-Like ZK Boom With $5M Custom Chip Investment

In August 2024, Fabric announced a series A funding of $33 million that also saw participation from Polygon Labs.

The Block
Sep 10th, 2024
Polygon Labs and Fabric Cryptography unveil custom ZK chips to fast-track AggLayer development

Polygon Labs is collaborating with crypto hardware manufacturer Fabric Cryptography to bring its Verifiable Processing Units (VPUs) to the AggLayer ecosystem.The AggLayer is an interoperability layer currently under development by Polygon Labs and other core contributors, designed to facilitate unified liquidity and security across a network of chains.

The Crypto Times
Aug 19th, 2024
Fabric Cryptography Secures $33M for New Data Privacy Chip

According to an August 19 announcement, Fabric Cryptography is working on a new cryptography-focused chip called the Verifiable Processing Unit (VPU).

CoinDesk
Aug 19th, 2024
Fabric, Startup Building 'VPU' Chips for Cryptography, Raises $33M

Fabric Cryptography, a startup focused on hardware, has raised $33 million in a Series A fundraising round co-led by Blockchain Capital and 1kx.

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