MPCH Labs, a New York-based developer of Multi-Party Computation (MPC) technology, raised $40m in Series A funding.
The round, which brings total funding to-date to $50m, was led by Liberty City Ventures with participation from QCP Capital, Mantis VC, Human Capital, Global Coin Research, LedgerPrime, Finality Capital, Oak HC FT, Polygon Studios, Quantstamp, and Animoca Brands.
The company intends to use the funds for the development and deployment of its first product, Fraction, which will launch in Q4 of this year.
Led by CEO Miles Parry and Chief Product & Technology Officer Cat Le-Huy, MPCH Labs is a tech venture studio developing the next generation of Multi-Party Computation (MPC) technology. The company is advancing Fraction, which is designed to empower users to self-manage assets, wallets, and workflow policies to suit their specific needs. With Fraction, institutions can grant access to one or a set of wallets to multiple users, all while maintaining the security of their assets in a user-friendly environment.
FinSMEs
28/09/2022