COMPANY INFO
Fabric Cryptography is a private company founded in 2021 by Michael Gao, Tina Ju, and Sagar Reddy. It has approximately 45 employees and is headquartered in San Francisco, CA. The company operates in the Electronic Equipment and Instruments industry and develops custom cryptography hardware designed to accelerate cryptography algorithms, enabling real-world applications of blockchain technologies such as zero-knowledge proofs and homomorphic encryption. Their flagship product is the Verifiable Processing Unit (VPU), a chip that combines the performance of ASICs with the flexibility of GPUs for programmable cryptography, aiming to redefine security and privacy in computing systems. The official website is https://www.fabriccryptography.com.
Fabric Cryptography is a private technology company founded in 2021 by Michael Gao, Tina Ju, and Sagar Reddy. Operating within the Electronic Equipment and Instruments industry, the company is headquartered in Santa Clara, California, with an additional presence in San Francisco. Fabric Cryptography designs and develops custom cryptography hardware, including the pioneering Verifiable Processing Unit (VPU)—a chip that merges ASIC performance with GPU flexibility for programmable cryptography. Their products empower advanced real-world applications such as zero-knowledge proofs and homomorphic encryption, playing a pivotal role in blockchain, privacy, and security advancements.
Fabric Cryptography funding has been robust, with the company raising a total of $39 million across several rounds. Since its founding, Fabric Cryptography has executed a focused funding strategy, targeting key milestones in cryptographic hardware and software development. The business secured early backing in seed rounds to facilitate product prototyping and market entry, followed by a substantial Series A that supports scaling VPU chip development and expanding its cryptography teams. Fabric Cryptography investors include prominent venture capital firms and industry leaders, underlining the strong confidence in the company's technological vision and market potential. The company’s funding rounds have enabled them to continually innovate and address growing global needs for high-performance, secure computation.
The Series A funding round was aimed at building next-generation computing chips, enhancing cryptographic software, and accelerating development of the Verifiable Processing Unit (VPU) chip. The funds will also help scale Fabric Cryptography’s software and cryptography engineering teams to meet increasing demand for advanced security solutions.
This seed round supported the early development of Fabric Cryptography’s hardware and software platforms, providing resources to build the foundational technology and expand the initial team.
The seed funding facilitated the creation of two core products: a liquid-cooled bitcoin miner and a processor specializing in advanced cryptographic algorithms such as zero-knowledge proofs. This round enabled early prototyping and product-market fit exploration.
Blockchain Capital is a leading venture capital firm in the blockchain sector. As a co-lead in Fabric Cryptography’s Series A, their involvement brings deep industry expertise and broad connections in cryptocurrency and blockchain infrastructure.
1kx is a crypto-native investment firm supporting open, decentralized technologies. By co-leading the Series A round, 1kx plays a pivotal role in propelling Fabric Cryptography’s technology into next-generation blockchain applications.
Sandeep Nailwal is a notable angel investor and co-founder of Polygon. His participation signals strategic alignment with the company’s vision for scalable blockchain security and cryptography solutions.
Polygon Studios, a key player in blockchain development ecosystems, participated in the Series A to foster adoption of Fabric Cryptography’s technology across decentralized applications and systems.
Offchain Labs, developers of the Arbitrum blockchain solution, joined the Series A round to help advance the technical compatibility of Fabric Cryptography’s products with leading rollup and scaling protocols.
Matter Labs, creators of zkSync, participated as a strategic investor, bringing expertise in zero-knowledge proofs and advanced cryptographic algorithms central to Fabric Cryptography’s mission.
MV Global is an international venture capital firm supporting breakthrough technology companies. Their funding support assists with expansion and development initiatives.
Nil is recognized for investing in pioneering cryptography and blockchain infrastructure projects, contributing resources and insight into secure computation.
Inflection is a venture capital firm with a focus on early-stage technology. Their investment during Fabric Cryptography’s seed round enabled crucial early development and innovation.
Novawulf invests in transformational technology companies. Their support for Fabric Cryptography aids in scaling security technologies globally.
Jasper Lau is a technology investor whose involvement brings further validation and resources to Fabric Cryptography’s roadmap.
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