Parallel privacy computing network Arcium completes $1 million angel round financing

According to official sources, the parallel privacy computing project Arcium (formerly known as Elusiv) announced the completion of a $1 million angel round of funding, with investors including Jordi Alexander, Joe McCann, WereMeow, Fedor Holz, and RunerXBT. Arcium stated that this round of financing brings its total funding amount to $11 million. It is reported that Arcium is a decentralized confidential computing network that utilizes distributed architecture and multi-party computing (MPC) to ensure data integrity and confidentiality by processing encrypted data across multiple nodes without exposing the complete dataset.