Chain Reaction has raised a $70M Series C funding round to design secure chips for blockchain and cryptocurrency use.
The company claims its revenue grew 900% YoY in 2022.
- Chain reaction wants to become the first company to make real-time computing on encrypted data a reality through its semiconductor technology.
- Morgan Creek Digital led the round, with Hanaco Ventures, Jerusalem Venture Partners, KCK Capital, Exor, Atreides Management, and Blue Run Ventures also participating.
- The company aims to use the funding round to grow its team and develop its product.
- Its two co-founders have previously sold companies for over $6B and have worked in the Israeli Prime Minister's office.
- Chain Reaction was founded in 2019 and is based in Tel Aviv.
- The company has raised $115M in total.
