On February 21, 2024, Inco announced it has raised $4.5 million in a seed funding round, led by 1kx along with participation from Circle Ventures, GSR, Polygon Ventures, Robot Ventures, Alliance DAO, and Matter Labs. Inco is building a modular confidential computing Layer-1 blockchain to serve as the confidentiality layer for decentralized applications. Inco leverages fully homomorphic encryption, secured by Ethereum, to give decentralized applications access to programmable confidentiality and keep on-chain data confidential yet auditable. 

Wilson Sonsini Goodrich & Rosati advised Inco on the transaction. The Wilson Sonsini team was led by Jonathan Chan and included Jack Miller and Melis Kilic.

For more information, please see Inco’s announcement. Further coverage can be found at The Block.