Zero-knowledge proofs startup Succinct Labs announced it has raised $55 million in a seed and Series A financing round led by Paradigm.
Other investors participating in the round include Robot Ventures, Bankless Ventures, Geometry, ZK Validator, as well as Polygon co-founders Sandeep Nailwal and Daniel Lubarov, and EigenLayer founder Sreeram Kannan, according to a statement.
"ZK proofs are one of the most critical technologies to blockchain scaling, interoperability and privacy, but are too complex for most developers today," the statement also said. "Succinct’s mission is to lower this barrier with our zkVM, SP1, and our decentralized prover network."
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Injective Price Forecast: Nearing a breakout towards $55Injective (INJ) price has been consolidating for more than two months and is now showing signs of breakout.
Read more »
Research Specialist in Human Immunology (wet lab) - Boston, Massachusetts (US) job with Boston University Atomic LabAtomic Lab (https://atomic-lab.org/) at the National Emerging Infectious Diseases Laboratories, Boston seeks a highly skilled and motivated Research Specialist.
Read more »
Postdoctoral Fellow in Systems Immunology (dry lab) - Boston, Massachusetts (US) job with Boston University Atomic LabAtomic Lab (https://atomic-lab.org/) at the National Emerging Infectious Diseases Laboratories, Boston seeks a Postdoctoral Fellow with a background in data science and bioinformatics.
Read more »
Bitcoin Back Above $67K as Memecoins Push up SOL and AVAXMemecoins soared past $55 billion in market cap, up 11% as traders doubled down on SHIB, WIF, BONK, and newcomer CORGIAI
Read more »
New tuberculosis study offers a novel paradigm for understanding bacterial transcriptionThe bacterium behind tuberculosis is a wily foe, adept at bobbing and weaving around the immune system and antibiotics alike. Mycobacterium tuberculosis (Mtb) has been notoriously difficult to eradicate, often dormant in the body for years only to reactivate when the time is ripe.
Read more »
No proof a study found lab-grown meat funded by Bill Gates causes 'turbo cancer'A truck with a turbocharged engine boasts enhanced performance and fuel efficiency. TurboTax is one option for filing ta
Read more »