Belfort Raises $6M in Seed Funding led by Vsquared Ventures

Belfort, a San Francisco, CA-based KU Leuven spin-off company which specializes in encrypted compute, raised $6M in Seed funding.
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The round was led by Vsquared Ventures, with participation from Anagram, Protocol VC, Inovia Capital, Syndicate One, Prototype, Credibly Neutral, and angel investors including Jeff Dean (Google’s Chief Scientist) and Naval Ravikant.

The company intends to use the funds to double its team, advance product development, and support early enterprise pilots across its San Francisco and Leuven offices.

Belfort accelerates encrypted compute to make it practical at scale, ensuring data can be processed without ever being decrypted. A spin-off from KU Leuven’s COSIC lab, it has offices in San Francisco and Leuven.

The team includes: Laurens De Poorter (ex Kraken Ventures & Google[x]), Dr Furkan Turan (PhD KU Leuven, ex Intel), Michiel Van Beirendonck (PhD KU Leuven, ex Microsoft Research & Rambus) and Prof Ingrid Verbauwhede (Prof KU Leuven, Visiting Prof Stanford).

source; FinSMEs