Zama, a project focused on privacy computing, has raised $150 million in a funding round led by Pantera Capital and Multicoin Capital. Notable investors include Gavin Wood, founder of Polkadot, and Anatoly Yakovenko, co-founder of Solana. The project has yet to conduct its Token Generation Event (TGE). Zama aims to provide a 'privacy computing layer' akin to a soundproofing system, offering privacy services that can be utilized by any location or structure requiring such protection.