Neuchâtel, Switzerland, 18th November, 2021,
European privacy startup Nym Technologies has successfully closed its third investment round. Led by Andreessen Horowitz (a16z Crypto), this $13 million financing round included participation from leading venture capital firms Digital Currency Group, Tayssir Capital, Huobi Ventures, Hashkey, and Fenbushi. Following a Polychain-led round and hiring Chelsea Manning as a security auditor, this round signals the interest of mainstream venture capital in the growing demand for privacy solutions.
Nym’s revolutionary “mixnet” is the only technology that can defeat nation-state level mass surveillance where the adversary can observe every internet packet in a network at scale, unlike VPNs or even Tor. Nym accomplishes this seemingly impossible feat by mixing packets in a series of decentralized nodes and adding dummy traffic as needed.
Per Harry Halpin, CEO of Nym, “We at Nym are very lucky, as it’s historically unprecedented to see
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