REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS
Risc Zero, a Seattle, WA-based provider of a scalable blockchain, raised $12M in Seed funding.
The round was led by Bain Capital Crypto with participation from Geometry, D1 Ventures, Cota Capital, Jing Wang of Optimism, Meltem Demirrors, Kain Warwick, Marvin Ammori, Eva Beylin and Tegan Kline, Calvin Liu, Lev Livnev and Lucas Vogelsang.
The company intends to use the funds to accelerate growth and expand its development efforts.
Risc Zero provides a scalable blockchain using zero-knowledge proof technology along with their RISC-V zkVM. The implementation allows developers who are used to programming in Rust, Go, C++ and other standard programming languages to write on-chain decentralized applications that look and feel like more traditional web applications.
The first open source product was released in March 2022 – the RISC Zero zero-knowledge virtual machine (zkVM). The zkVM enables any program to run in a verifiable manner with no trusted authorities.
A developer-oriented preview of the new network will be launched in Q3 2022. It will allow developers to build applications that utilize the core technological innovations ahead of the launch of its scalable blockchain.
This is Risc Zero’s second round, after a $2M pre-seed led by Geometry and Ramez Naam Ventures.
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