"Primus Raises $6.5M for Privacy-Focused Encryption in Blockchain"

Primus, a privacy-focused encryption layer project, has successfully raised $6.5 million in pre-seed and seed funding rounds, with lead investments from VanEck and others. The funding will support the development of the project's core technologies, including zkTLS and zkFHE, which aim to enhance privacy and security in decentralized ecosystems.
Primus is addressing the critical challenges of trust and privacy in the blockchain and decentralized application (DApp) landscape. By acting as the missing encrypted middleware between current blockchains and applications, Primus leverages advanced cryptographic techniques to enable secure and reliable interactions. The project's focus on verifiable and privacy-preserving data is essential for the success of future systems, such as AI agents and DApps.
The seed and seed+ financing round was led by Dispersion Capital, Symbolic Capital, VanEck, with participation from Samsung Next, Alchemy, Maelstrom, and others. The investment reflects the growing interest in privacy-focused technologies and the potential of Primus to revolutionize the way data is handled in decentralized ecosystems.
The successful funding round comes as the blockchain and cryptocurrency industries continue to evolve, with increasing emphasis on privacy, security, and interoperability. Primus' innovative approach to encryption and data privacy positions it well to play a significant role in shaping the future of decentralized systems.

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