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Zama

https://www.zama.ai Research Team Data
Active

Open-source cryptography company building fully homomorphic encryption software for confidential AI and blockchain computation.

Develops open-source FHE libraries and protocols that enable computation on encrypted data for confidential AI/ML, encrypted cloud SaaS, blockchain and privacy-preserving analytics use cases.

Positioning

Privacy-preserving AI and encrypted computation

Key facts

HQ location
Paris, France
Founded
2020
Employee range
51-200 (51-200)
Funding stage
Series B
Company type
Private (Private / open-source commercial)
Pricing model
Licensing Open Source (Open-source plus enterprise/commercial licensing)
Last updated
Jun 21, 2026

Revenue estimate

Unknown / not publicly disclosed

Valuation estimate

>$1B valuation announced with Series B

Investments

$57M Series B announced Jun 2025; >$146M total implied by CB + Series B history

Target customers

Enterprises, blockchain developers, AI/cloud teams, finance, healthcare, government and privacy-sensitive use cases

Key competitors

Duality Technologies, Inpher, OPAQUE, Skyflow, Enveil, IBM confidential computing

Known customers

Dozens of companies licensing FHE technology; names not comprehensively disclosed

Classification (raw research text)

Core focus
Privacy-preserving AI / FHE
Core industry
AI Security & Privacy
Core category
Confidential AI / encrypted ML platform

Shown verbatim from the research spreadsheet — deriving structured segment/industry tags from this text is a future phase.

Attribute breakdown

  • AI Workflows Secondary feature
  • System / API Integration Secondary feature
  • AI / LLM Data Pipeline Secondary feature
  • Model Deployment / Inference Infrastructure Secondary feature
  • Traditional Machine Learning Secondary feature
  • AI Security / Guardrails Secondary feature
  • Data Privacy / PII / Confidential AI Primary focus
  • AI Governance / Policy Management Secondary feature
  • AI Risk / Compliance Secondary feature
  • Vertical-Specific AI Secondary feature
Show all 32 attributes
  • AI Workflows Secondary feature
  • AI Automation / Business Process Automation Not emphasized
  • AI Fine-tuning / Custom Model Training Not emphasized
  • Agent Builder / Agent Configuration Not emphasized
  • Multi-agent Orchestration / Runtime Not emphasized
  • System / API Integration Secondary feature
  • Prompt Management / Prompt Engineering Not emphasized
  • Retrieval-Augmented Generation Not emphasized
  • Graph RAG / Knowledge Graph Retrieval Not emphasized
  • Enterprise Search / Knowledge Management Not emphasized
  • AI / LLM Data Pipeline Secondary feature
  • Document AI / Document Processing Not emphasized
  • Model Deployment / Inference Infrastructure Secondary feature
  • Traditional Machine Learning Secondary feature
  • AI Quality Assurance / LLM Evaluation Not emphasized
  • AI Observability / Monitoring Not emphasized
  • AI Security / Guardrails Secondary feature
  • Data Privacy / PII / Confidential AI Primary focus
  • AI Governance / Policy Management Secondary feature
  • AI Risk / Compliance Secondary feature
  • AI Asset Inventory / Model Registry Not emphasized
  • Human-in-the-Loop Review / Feedback Not emphasized
  • Call Transcription / Speech-to-Text Data Capture Not emphasized
  • Conversation Intelligence / Speech Analytics Not emphasized
  • Text Chatbots / Conversational Assistants Not emphasized
  • Voice AI Agents Not emphasized
  • Voice Infrastructure / STT / TTS Not emphasized
  • AI for Customer Experience / Support Automation Not emphasized
  • Sales / Revenue Intelligence Not emphasized
  • Analytics / BI / Decision Intelligence Not emphasized
  • Enterprise App / Internal Tool Builder Not emphasized
  • Vertical-Specific AI Secondary feature