NuCypher raises $10.7 million as its public test network goes live

NuCypher raised $10.7 million in new funding to help bring data privacy to decentralized applications (dApps) built on Ethereum ($ETH). The funds were raised via a SAFT (Simple Agreement for Future Tokens) at a valuation of $133 million. The round was led by Polychain Capital, with participation from Y Combinator, Bitmain, Bitfury, Arrington XRP Capital, and Notation Capital, among others. NuCypher also launched its public testnet on the Görli Ethereum tesnet earlier today. Developers can now start building applications and deploying network nodes without NuCypher's permission.