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Fortune
Fortune
Ben Weiss

Could Fabric’s computer chips revolutionize cryptography? The company just got a $50 million order for a product that doesn’t exist yet

A woman measures various Bitcoins with measuring tape. (Credit: Illustration by Fortune)

Computer chips are not one-size-fits-all. There are custom designs for Bitcoin when he was just 15 years old, wants to build a computer chip for an area of computing that has yet to become mainstream: zero-knowledge proofs, a buzzy cryptographic technique popular in the world of Web3, as well as other advanced cryptographic algorithms.

On Tuesday, his startup, Fabric Cryptography, announced that it had raised $6 million to create what Gao calls a VPU, or a verifiable processing unit. Metaplanet led the pre-seed funding round. Other participants included the Nil Foundation, Inflection, Novawulf, and Jasper Lau of Era.

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