Chain Reaction designs ASIC processors that accelerate Fully Homomorphic Encryption (FHE), enabling high‑performance AI inference and data‑intensive workloads to run on encrypted data without exposing it to the underlying infrastructure. Their 3PU™ privacy processor provides hardware‑level support for multiple FHE schemes, delivering low‑latency, server‑grade performance compatible with existing cloud and enterprise racks, while a separate EL3CTRUM ASIC line offers high‑efficiency Bitcoin mining.
Funding
$113.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
MCFounders
Product
Problem
Enterprises and cloud providers need to run AI and data‑intensive workloads on sensitive data without exposing that data to the underlying infrastructure, but existing software‑only homomorphic encryption solutions are too slow for practical large‑scale use.
Solution
Chain Reaction designs purpose‑built ASIC processors that accelerate Fully Homomorphic Encryption (FHE), enabling high‑performance computation on encrypted data at scale. Their 3PU™ privacy processor integrates hardware‑level support for FHE schemes such as BGV, BFV, CKKS, and TFHE, allowing AI inference and cloud workloads to remain encrypted throughout processing. By embedding encryption directly into the compute fabric, the solution removes the need for costly software emulation and reduces latency, making privacy‑preserving AI feasible for production environments. The architecture is delivered in a standard data‑center form factor, compatible with existing enterprise and hyperscale cloud infrastructures. In addition to encrypted computation, Chain Reaction offers the EL3CTRUM ASIC line for high‑efficiency Bitcoin mining, leveraging the same custom silicon expertise.
Target Audience
Primary customers are cloud service providers, large enterprises, and regulated‑industry organizations (finance, healthcare, defense, energy) that require encrypted AI and data analytics, as well as Bitcoin mining operators seeking high‑efficiency ASIC solutions.
Features
- 3PU™ ASIC optimized for FHE operations, supporting multiple schemes (BGV, BFV, CKKS, TFHE) with hardware‑accelerated bootstrapping and noise management
- Integrated high‑throughput data paths and SIMD units to deliver AI inference speeds comparable to plaintext processors
- Standardized server‑grade form factor and power envelope for seamless integration into existing cloud and enterprise racks
- Secure key handling and on‑chip isolation to keep cryptographic material protected from host software
- EL3CTRUM ASIC family delivering industry‑leading hash rate per watt for large‑scale Bitcoin mining deployments
- Modular hashboard and plug‑and‑play system designs for rapid scaling of mining operations