Programmable privacy infrastructure Soda Labs has completed a $3 million seed round financing, led by NextBlock

Programmable privacy infrastructure Soda Labs has completed a $3 million seed round financing, led by NextBlock. Over the past two and a half years, Soda Labs has developed a cryptographic privacy solution that combines garbled circuits with multi-party computation (GC-MPC), relying on proven standard cryptography such as AES and SHA256. Its privacy engine runs on standard cloud CPUs without the need for dedicated hardware, enabling applications to achieve privacy computing while maintaining a connection to existing public blockchain infrastructure.