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Nillion
Secure processing layer for Web3
- 21-100 employees
- Privacy
- Cyber Security
- Blockchain
- Web 3.0
- Remote
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Company mission
To bring to life fast, permissionless, decentralized computation.
Few candidates hear
back within 2 weeks
36% employee growth in 12 months
Our take
Blockchain security hasn’t kept pace with the speed of blockchain development, leading to billions of dollars worth of hacks and exploits. Part of the issue is that data isn’t fully decentralised: computations are currently run on a single node, and verified by others, creating privacy vulnerabilities. Nillion has developed a complex solution that builds on an existing strategy: multi-party computation (MPC).
MPC is a cryptographic protocol in which parties can jointly compute outputs without being privy to other parties’ data. This achieves the greater levels of distribution which are expected to help fend off data hacks and breaches - but it’s not foolproof, especially against expert hackers willing to invest extensive time and resources.
Nillion’s solution, what it’s calling Nil Message Compute, adds an extra layer of complication: data is stored across different nodes as unrecognisable, information-theoretic security particles, so it can be computed rapidly but without the need for inter-node messaging. It’s a level of security that’s been described as “crypto analytically unbreakable”, and its implications for the decentralised blockchain space could be huge. It puts Nillion firmly at the sector’s cutting edge, and its early VC funding awarded at the end of 2022 indicates that investors believe so too.
Steph
Company Specialist at Welcome to the Jungle
Benefits
- Flexible working hours to accommodate lifestyles and a globally distributed team
- Token Compensation; acquire Nll tokens as part of your bonus
- Make a big impact as a early contributor to an incredible founding team
- Work on new problems in an incredible emerging and dynamic field
- Learn from systems engineering, cryptography, and finance domain experts in a mentorship-oriented work culture
- You don’t need to be in an office or at a desk to have an impact anymore! We are fully remote, but value regular meet-ups
Funding (2 rounds)
Oct 2024
$25m
EARLY VC
Dec 2022
$20m
EARLY VC
Total funding: $45m
Leadership
Miguel de Vega
(Chief Scientific Officer)Completed a PhD in Telecommunications Engineering at ULB, and spent time as a Siemens IT Consultant before moving into a Project Manager role at Open Canarias. Subsequently co-founded, and led, Browseye, iFlikeU, and Dialective; then served as VP of Data Science at Treexor, and CTO at Sedicii.
Andrew Masanto
(Co-founder)Trained in Law, but went on to found Altitude Shoes, Higher Click, ANONA, and NFT.com. Was also the founding CMO at Hedera Hashgraph and Reserve, and spent time on the Board of Directors for Cornerstone Capital.
Rob Leslie
(President)Founded and still currently leads Sedicii, and previously co-founded Kyckr, as well as spending time on various working groups with the World Economic Forum.