The parallelized privacy computing network Arcium has completed a $1 million Angel Round financing.

PANews March 31 news, according to official sources, the parallelized privacy computing project Arcium (formerly known as Elusiv) announced the completion of a $1 million Angel Round financing, with investors including Jordi Alexander, Joe McCann, WereMeow, Fedor Holz, and RunnerXBT among others. Arcium stated that this round of financing brings its total funding amount to $11 million. According to reports, Arcium is a decentralized confidential computing network that utilizes a distributed architecture and multi-party computation (MPC) to ensure data integrity and confidentiality by processing encrypted data across multiple nodes without exposing the complete dataset.