Fabric Cryptography Raises $33m To Unleash Advanced Cryptography With A New Kind Of Chip

Fabric Cryptography, a Silicon Valley startup, has raised $33 million in Series A funding to develop a new processing unit for cryptography. The team, led by MIT and Stanford dropouts, aims to use state-of-the-art hardware-software codesign techniques to create the Verifiable Processing Unit (VPU). This unit will revolutionize cryptography and provide greater privacy guarantees for users and regulators.