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Austrian crypto technology startup TACEO has completed a $5.5 million seed round financing, led by Archetype VC, with participation from a16z CSX and others. The new funds will be used to enhance infrastructure performance and developer tools, focusing on expanding privacy-compliant applications in the fields of finance, AI, and stablecoins. Its core technology enables multi-party collaborative computing on encrypted data and has supported biometric authentication for 14 million users.
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