Fabric Cryptography Secures $33M for VPU Development

Fabric Cryptography raises $33M to develop the Verifiable Processing Unit, a chip focused on accelerating cryptographic algorithms for data privacy.

Blockchain Capital and 1kx co-led the Series A funding, with participation from Offchain Labs, Polygon, and Matter Labs.

Fabric Cryptography's VPU chip aims to outperform CPUs and GPUs in handling cryptographic workloads, offering speed and cost improvements.

The startup, founded by MIT and Stanford alumni, addresses the growing need for efficient cryptography in the blockchain industry.

Fabric's VPU chip has already secured pre-orders worth tens of millions of dollars from the Web3 sector.

The VPU is designed to be adaptable, future-proofing it against new cryptographic algorithms as they are developed.

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