TL;DR
- Arcium, a confidential computing startup on Solana, has acquired Inpher, a Web2 competitor.
- The acquisition brings advanced technology and a team of crypto experts.
- Arcium seeks to build a decentralized network for encrypted and confidential computations.
Arcium, a Solana blockchain-based startup focused on confidential computing, has announced the acquisition of Inpher, a well-known company in the Web2 technology space.
This integration not only represents the addition of a highly skilled cryptography team, but also strengthens Arcium‘s capabilities to develop a decentralized network aimed at performing confidential and protected calculations.
☂️ The umbrella gets bigger… much bigger. ☂️
Arcium acquires Inpher’s core technology and team—one of the biggest Web2 Confidential Computing companies!
A major step toward building a global supercomputer for a hyper-encrypted internet. 🚀 pic.twitter.com/fPjLvHGB3G
— Arcium ☂️ (@ArciumHQ) November 4, 2024
The news was exclusively revealed by Lightspeed, and while financial terms were not disclosed, the move marks a milestone for the Solana ecosystem, adding a significant foundation of knowledge and technology to its operations.
Inpher, a company backed by high-profile investors including JPMorgan and Amazon Alexa Fund, specializes in creating secure interactions for artificial intelligence, using advanced privacy technologies.
With this acquisition, Arcium aims to accelerate the launch of its mainnet and build what it describes as a “global supercomputer” for the encrypted internet. As Arcium CEO Yannik Schrade explained, the company’s vision is to create a system where sensitive data can be processed without risk of exposure – a solution that addresses growing privacy concerns in an increasingly interconnected digital world.
Arcium was originally known as Elusiv and was focused on privacy on the Solana blockchain before shifting its focus to confidential computing. This technology allows operations to be performed on encrypted data without exposing its content, facilitating applications such as collaborative training of artificial intelligence models, without compromising data security.
Backed by Greenfield Capital, which led a $5.5 million funding round in May, the company is now looking to expand its capabilities and move closer to its official launch.
Arcium technological advances and openness to innovation
The addition of Inpher also gives Arcium access to innovations such as Confidential Machine Learning (Confidential ML), which enables AI models to be trained securely and distributed across multiple datasets.
In addition, Inpher brings performance improvements through hardware acceleration and optimizations, allowing Arcium to position itself as a leader in high-performance decentralized computing. Its technology stack, which now includes the XOR and Cerberus protocols, is shaping up to be one of the most advanced and secure multi-party computing systems available today.
To boost innovation in the field, Arcium has decided to open all its patent registrations, with the aim of promoting confidential computing globally.
This move, which seeks to advance privacy technology at scale, underscores Arcium’s commitment to a vision where privacy, decentralization and collaboration can coexist.
As the world of computing and blockchain evolves, this integration strengthens the foundation of a secure and trusted digital system focused on solving modern privacy challenges in a hyper-connected era.
