European privacy startup Nym Technologies closed its third funding round. Andreessen Horowitz, a16z Crypto, led the $13 million round. Participation came from top venture capital firms Digital Currency Group and Tayssir Capital as well as Huobi Ventures, Fenbushi, Hashkey, Fenbushi, Huobi Ventures, Huobi Ventures, Tayssir Capital, Huobi Ventures and Huobi Ventures. This round follows a Polychain-led round, and Chelsea Manning was hired as a security audit. It signals mainstream venture capital’s interest in privacy solutions.

Nym’s revolutionary “mixnet” is the only technology that can defeat nation-state level mass surveillance where the adversary can observe every internet packet in a network at scale, unlike VPNs or even Tor. Nym achieves this impossible feat by mixing packets through a number of distributed nodes, and adding dummy trafic as necessary.

Per Harry Halpin CEO, Nym

“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 .”
“Nym’s network-level technology, which is critical for blockchains that seek to provide privacy for their users, and its innovative incentive structures make it stand out from other options,”
Ali Yahya is General Partner of Andreessen Horowitz.

“Nym may have assembled the most sophisticated mixnet research and engineering team ever.” Their role will grow as online privacy becomes more important.
This outlook was shared by Samantha Bohbot (Head of Platform, Digital Currency Group),

“NYM has built a first-of-its-kind privacy layer, capable of protecting against even the fiercest adversaries, and powered by a crypto economic incentive structure. This technology is set to revolutionize internet user privacy. We are impressed by the team’s knowledge, passion, and dedication to developing a more secure web, and are excited to back them.”
Sadry Bouhejba was the founder and CEO of Tayssir Capital.

“Nym network preserves privacy online, while ensuring efficiency and scalability.” Nym we consider an important layer in ensuring a more fair, inclusive society.
With a fresh capital injection just before the platform’s decentralized mixnet mainnet launch, Nym Technologies plans to use the funds to expand its community and add a dedicated product team. Nym will then roll out NYM tokenomics. It will stress-test its infrastructure prior to the mainnet’s launch.

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