Beldex raises $8M to build privacy infrastructure for Web3 and AI
What's the deal? Beldex, a privacy-focused blockchain ecosystem, has raised $8 million in an early VC round to accelerate development of privacy infrastructure for Web3 and AI. Sigma CapitalDealroom has a profile for this one. Try Dealroom → led the round, with participation from NTC GroupDealroom has a profile for this one. Try Dealroom →, NxgenDealroom has a profile for this one. Try Dealroom →, Digital Consensus FundDealroom has a profile for this one. Try Dealroom →, and EAK Ventures.
What's the endgame? Beldex is moving beyond its existing products toward infrastructure developers can use to build private applications. The company plans to spend across developer tooling, confidential applications, protocol security, AI infrastructure, and ecosystem adoption.
The ecosystem already runs on a Layer 1 network and includes a wallet, an encrypted messenger (BChat), decentralised networking (BelNet), a browser, and the Beldex Name Service. Part of the new funding will support an extension wallet, SDKs, and account-based addresses to simplify how apps connect to the network.
Beldex is also building confidential assets and an EVM-compatible sidechain, giving Ethereum developers a familiar environment for privacy-enabled apps.
Why now? The company is betting on AI as its next frontier. As autonomous agents handle payments, credentials, and personal data, Beldex is exploring privacy-preserving agent identities, confidential payments, and research into Fully Homomorphic Encryption to protect data during processing.
"Privacy is becoming an infrastructure requirement, not a feature that can be added at the end," said chairman Afanddy Bin Hushni. He added that the funding lets the company "move faster across the layers where sensitive information is created and exchanged."
The signal: The $8 million round sits in the 76th percentile by size — a mid-sized raise that reflects growing investor conviction that privacy is shifting from niche to core infrastructure. "AI agents and Web3 applications demand greater privacy today," said Vineet Budki, managing director and chief executive officer at Sigma Capital, calling it the reason the firm chose to lead.
Read more: MPost
Image credit: Generated with Gemini
