Fabric Cryptography

Fabric Cryptography is a San Francisco hardware startup building the Verifiable Processing Unit (VPU) - a fully programmable custom-silicon chip with an instruction set designed specifically for advanced cryptography. Founded in 2021 by Michael Gao, Tina Ju, and Sagar Reddy, Fabric aims to do for cryptography what Nvidia did for AI: dramatically accelerate workloads like zero-knowledge proofs, fully homomorphic encryption, and multi-party computation compared with CPUs, GPUs, and fixed-function accelerators. The company has raised $39M total, including a $33M Series A in August 2024 co-led by Blockchain Capital and 1kx.