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Fair Math is a Dover, Delaware-based research company focused on developing privacy-preserving technologies based on Fully Homomorphic Encryption, commonly known as FHE, for both Web2 and Web3 applications. To advance this cryptographic field, the organization created FHERMA, which operates as the first fully automated challenge platform designed specifically to crowdsource a comprehensive library of open-source FHE components. This specialized infrastructure significantly simplifies the complex development process for software engineers who are actively building privacy-focused applications across decentralized networks and traditional web environments. To support its ongoing technological development and platform expansion, the enterprise has raised $1.4 million in total venture capital funding from notable institutional investors including Inception Capital, Polymorphic Capital, and Gumi Cryptos Capital. Operating primarily within the specialized FHE infrastructure sector, Fair Math was officially founded in 2023 by Gurgen Arakelov and Elvira Kharisova.
Fair Math has raised $1.4M across 1 funding round.
Fair Math has raised $1.4M in total across 1 funding round.
Fair Math has raised $1.4M in total across 1 funding round.
Fair Math's investors include gumi Cryptos Capital, Inception Capital, Polymorphic Capital.
Fair Math has raised $1.4M across 1 funding round. Most recently, it raised $1.4M Pre-Seed in February 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Feb 28, 2024 | $1.4M Pre Seed | Gumi Cryptos Capital, Inception Capital, Polymorphic Capital | — | Announced |
