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Federated learning agreement Primus completes $6.50 million seed round financing, led by VanEck and other institutions

According to official news, federated learning protocol Primus announced the completion of a $6.50 million pre-seed and seed round of financing. This round of financing was led by Dispersion VC, Symbolic VC and VanEck, with participation from Samsung Next, Alchemy, Maelstrom Fund, Welara, BB Fund, Modular Capital, Karatage, Initial Ventures and other institutions. Primus is a protocol that securely performs computations on untrusted networks without exposing sensitive data through the Multiparty Compute Transport Layer Security (MPC-TLS) and Zero-Knowledge TLS (zkTLS) protocols.