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Nym Technologies raises $13M to develop surveillance-evasion platform
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European security startup Nym Technologies has announced a $13 million funding round coordinated by renowned crypto investor Andreessen Horowitz, or a16z, and further participated by a venture capital firms Digital Currency Group, Tayssir Capital, Huobi Ventures, Hashkey and Fenbush.
This third funding round represented their highest raise to date, following seed funding of $2,5 million in May 2019 and Series A raise of $6 million in July 2021 — Polychain Capital led the latter of which — according to financial data from Crunchbase.
Nym Technologies is an open-source, decentralized infrastructure that aims to surpass the typical third-party privacy services offered on virtual private networks (VPNs) or Tor networks, by utilizing mix network
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