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Nillion

Cybersecurity · Toronto, Canada · Founded 2021

A public network based on the invention of a new cryptographic primitive, Nil Message Compute MoreLess

Nillion is a pioneering startup that is revolutionizing the way high-value data is stored, processed, and shared. It operates in the data storage and processing market, serving a wide range of clients from various industries such as retail, medical, legal, banking, and AI.

Nillion's business model is based on a decentralized computing platform that uses a unique technology called Nil Message Compute (NMC). This technology is an advancement on Multi-Party Computation (MPC) and Homomorphic Encryption, which are methods used to securely process data. NMC allows nodes in a decentralized network to compute information securely and verifiably without having to send messages to each other. This is a significant improvement over traditional MPC, which requires messaging between nodes and slows down computation speeds.

The company's innovative approach allows for the secure storage and processing of high-value data, opening up new decentralized use cases such as machine learning on invisible datasets, quantum secure messaging, smart custody of digital assets, distributed biometric authentication, verifiable dark pools, collaborative block building, and composable digital identity.

Nillion makes money by providing its platform to developers who create applications across various industries. The platform's ability to handle high-value data securely and efficiently makes it a valuable tool for businesses that handle sensitive information.

In conclusion, Nillion is a cutting-edge startup that is pushing the boundaries of data storage and processing. Its unique technology and wide range of potential applications make it a promising player in the data storage and processing market.

Keywords: Nillion, Nil Message Compute, decentralized computing platform, high-value data, secure data processing, Multi-Party Computation, Homomorphic Encryption, data storage, data processing, decentralized applications.

Valuation $100–500M
Revenue $1–10M
Headcount 100–500
Total funding $10–50M
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Company overview

Nillion company information

The essential company record, classifications and operating signals in one place.

Status
Operational
Founded
2021
Headquarters
Toronto, Canada
Employees
130
Open positions
None listed
Dealroom signal
83.8
technologyBlockchainclient focusb2bsub industryDevice security & Antivirusbusiness modelSaaSindustrySecuritysectorHard Tech

Valuation & funding

Nillion funding history

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
EARLY VCEquity / VC Oct 2024 $25M $100M Chapter One Ventures · Animoca Brands · Big Brain Holdings · Hack VC
EARLY VCEquity / VC Dec 2022 $20M $80M AU21 Capital · Chapter One Ventures · HashKey · Big Brain Holdings
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Financials

Revenue and workforce over time

Available revenue and workforce history. Fields without reported data are omitted.

YearRevenueGrowthEmployees
2026 $8M 0% 128
2025 $8M 0% 135
2024 $8M 0% 118
2023 $8M 58
2022 40
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Growth signals

Nillion website traffic

Latest recorded traffic for Nillion is 12K monthly website visits, up 23.7% over the last three months. Nillion's team declined 3.7% over the past year.

Latest monthly visits12K 3-month web change+23.7% 1-year team growth-3.7%
Monthly website visits45 observations · Nov 2022–Jul 2026
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Comparisons

Nillion compared with similar companies

Dealroom’s weighted taxonomy model identifies the closest operating peers. Company identity and context stay open; selected comparison metrics preview what is available in the platform.

Showing 8 of the closest matchesCompare every metric →

Talent graph

Nillion's talent

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Team profiled 20 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 6 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Investors

25 investors on Nillion's cap table

Sourced from Dealroom's funding and investor records. Investor profile links are shown where available.

Series A 11 investors entered at this stage
AU21 Capital
Chapter One Ventures
HashKey
Big Brain Holdings
Distributed Global
Inception Capital
SALT Fund
Hack VC
Animoca Brands
Manifold Trading
Maelstrom
Other known 14 additional known investors
BasedVC
Beacon
Calm Ventures
Comfy Capital
Digital Consensus Fund
FOMO Ventures
G1 Ventures
HashKey Capital
Kube VC
OP Crypto
PetRock Capital
Solari Capital
Truffle Ventures
WealthUnion

Global footprint

Where Nillion has talent and traffic

Workforce by country
16 countries with
team presence
🇬🇧 United Kingdom26.2%
🇺🇸 United States19.1%
🇪🇸 Spain9.5%
🇮🇳 India7.1%
🇮🇪 Ireland4.8%
Top 5 of 16 shown

In the news

Latest news about Nillion

Recent press, funding announcements, and product moves mentioning Nillion — open to read from the original sources.

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Market sentiment

What the market is saying about Nillion

An AI-synthesized read of the highest-engagement posts about Nillion on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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