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Arcium has secured a pivotal acquisition of Inpher's core technology and its talented workforce, which is set to enhance the efficiency and capabilities of their network.

In Brief

With the goal to boost the performance and offerings of its network in anticipation of the mainnet launch, Arcium will be implementing the technological groundwork laid by Inpher.

Global supercomputer company Arcium Arcium has announced the procurement of essential technology from a company highly regarded for its work in confidential computing, which is dedicated to enabling secure, privacy-preserving machine learning and analytics. Inpher Yannik Schrade, co-founder and CEO of Arcium, stated, 'Through this acquisition, we are accelerating the move toward confidential computing and the Arcium mainnet. The expert team from Inpher, equipped with advanced secure multi-party computation (MPC) solutions, combined with our own trustless execution engine, establishes a new benchmark for data privacy at the cloud level, which is essential for scaling decentralized systems.'

Inpher, founded almost a decade ago, has attracted over $25 million in investments from various backers, with notable names like JP Morgan and Swisscom. By integrating team members from Inpher through this acquisition, Arcium aims to speed up its technological development as it readies for the mainnet launch. Additionally, Inpher's patents will be shared as open-source, demonstrating Arcium's commitment to spreading advanced technology across both Web2 and Web3 ecosystems, promoting innovation and progress across a variety of sectors.

The technology involved is a decentralized confidential computing network designed to execute computations securely on fully encrypted data, enabling developers to create applications that protect sensitive information. This addresses the transparency issues prevalent in blockchain technology, allowing the crafting of private and secure applications on existing blockchain systems. With the acquisition of Inpher’s technology, Arcium seeks to amplify its capabilities in confidential AI training, privately federated learning, and extensive data analysis—all within a completely encrypted setting, ensuring utmost privacy and security.

Arcium By integrating advanced secure multi-party computation innovations alongside its own MPC protocols, Arcium is enhancing its platform to cater to applications in confidential AI, blockchain, and decentralized physical infrastructure networks (DePIN). This acquisition comes on the heels of a successful funding round that raised $5.5 million, positioning Arcium as a premier choice for businesses and developers looking to adopt large-scale confidential computing solutions across a broad range of industries.

By integrating Inpher’s patented Multi-Party Computation Inpher has been a pioneer in the development of cutting-edge confidential computing technologies, bolstered by a team of esteemed researchers and engineers. Their Manticore protocol and XOR implementation stand out as some of the most sophisticated MPC solutions available for confidential machine learning training and inference. This technology facilitates encrypted data computations without exposing the underlying details, aligning perfectly with Arcium’s vision of revolutionizing digital interactions through complete encryption.

What Is Inpher? 

Jordan Brandt, co-founder and CEO of Inpher, remarked, 'With this acquisition, Arcium is poised to quickly drive forward the future of secure computing and privacy-preserving artificial intelligence. Inpher’s sophisticated product and technology capabilities enable Arcium to take the lead in decentralized data privacy and security solutions.'

Please be advised that the information provided on this page is intended solely for informational purposes and should not be misconstrued as legal, tax, investment, financial, or any other form of advice. Always invest within your means and seek independent financial counsel if you have uncertainties. For more insights, we recommend reviewing the terms and conditions, as well as the help and support sections offered by the issuer or advertiser. MetaversePost is dedicated to delivering accurate and impartial news, though please note that market dynamics can change without prior notice.

Disclaimer

In line with the Trust Project guidelines Alisa, a dedicated journalist with MetaversePost, focuses on topics including cryptocurrency, zero-knowledge proofs, investments, and the broad sphere of Web3. With a sharp eye for emerging trends and technologies, she offers in-depth coverage that keeps readers informed and engaged within the constantly changing landscape of digital finance.

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