Soda Labs Raises $3 Million To Bring Private Computation To Public Blockchains
Summary
NextBlock invested $3 million in Soda Labs’ entire seed round. The Luxembourg-based startup is developing privacy infrastructure using garbled circuits and multiparty computation, allowing financial applications to process sensitive data while operating on public blockchains. Its system is designed to run on standard cloud CPUs and support interoperability. The technology could help institutions use tokenized assets while limiting public access to confidential information, though Soda still needs to demonstrate it can do so efficiently and without excessive complexity.
