RISC Zero Raises $40 Million in Series A Round
RISC Zero, a Seattle-based crypto startup, has closed a $40 million Series A round, with the goal of bringing zero-knowledge technology to developers and infrastructure providers. The startup’s zero-knowledge Virtual Machine (zkVM) offers developers a simplified method for building zk-powered apps. Zero-knowledge proofs, which have gained popularity in the crypto space, allow for the verification of information without revealing any additional data.
Main Breakdowns:
– RISC Zero secures $40 million in Series A funding
– The startup aims to make zero-knowledge tech accessible to developers and infrastructure providers
– The funding will support the development and launch of Bonsai, the company’s computing platform
– Blockchain Capital leads the Series A round, with participation from other prominent crypto venture firms
– Bart Stephens, founder of Blockchain Capital, highlights the potential of zero-knowledge computing and the reason for investing in RISC Zero
Blockchain Capital, a San Francisco crypto venture firm, took the lead in the funding round, while Bain Capital Crypto, Galaxy Digital, and other investors also participated. RISC Zero plans to leverage the funding to bring its computing platform, Bonsai, to market and further develop it. Bart Stephens, founder and managing partner at Blockchain Capital, expressed excitement about the potential of zero-knowledge computing and the investment in RISC Zero.
Hot Take:
RISC Zero’s successful Series A funding round reflects the growing interest and demand for zero-knowledge technology in the crypto industry. With the support of prominent investors, the company is well-positioned to bring its innovative computing platform to market and drive advancements in data privacy, security, and transparency. By empowering developers and infrastructure providers with the tools to build zk-powered apps, RISC Zero is playing a crucial role in solving the challenges of the digital age.
By
By
By