Fabric 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 build computing chips, software, and cryptographic algorithms. The team aims to use state-of-the-art hardware-software codesign techniques to create a new processing unit for cryptography, called the Verifiable Processing Unit (VPU). This has the potential to revolutionize privacy guarantees and trust in the age of big data.