European privacy-centered company Nym Technologies has just completed its third round of investment. In the funding round, which has been led by Andreessen Horowitz (a16z Crypto), the company has raised a total of $13 million.
It must be noted that other investors have also participated in the round, including venture capital firms Digital Currency Group, Tayssir Capital, Huobi Ventures, Hashkey and Fenbushi.
The company intends to use the capital, which it has raised just before the launch of its decentralized mixed mainnet, to expand its community and add a dedicated product team.
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Nym’s "mixnet" mixes packets in a series of decentralized nodes and adds dummy traffic as needed in order to avoid nation-state level mass surveillance.
Harry Halpin, CEO of Nym, has said on the fundraising:
"We at Nym are very lucky, as it’s historically unprecedented to see support from the best venture capitalists to stop mass surveillance. To make privacy real on the scale of the entire Internet, building a real-world working mixnet has long been the missing piece of a puzzle that predates even the origin of Bitcoin."