Succinct Labs, a startup specializing in zero-knowledge (ZK) proofs technology, has successfully raised $55 million in a funding round led by Paradigm, with participation from the founders of Polygon and other investors including Robot Ventures, BanklessVC, Geometry, ZKV.xyz, and notable angels like Sreeram Kannan. This funding, spanning Seed and Series A rounds, aims to make ZK proofs accessible to developers, propelling the technology into mainstream development. The investment underscores the growing interest in ZK proofs, considered "as big of an innovation to the world as blockchains themselves" according to VB. Succinct Labs' efforts in ZK technology have also led to the integration of its Ethereum ZK light client to secure the Gnosis Chain Bridge on the Mainnet, highlighting its practical applications in enhancing blockchain infrastructure.
I like ZK, I like big blocks, and I like verifying big fast blocks via ZK let's get to work
Succinct Labs Nets $55M for #ZeroKnowledge Proof Expansion https://t.co/GvAPj1vvuw
Congrats to the @SuccinctLabs team for the successful funding round! 👏 Succinct’s Ethereum ZK light client has officially been integrated to secure the @gnosischain Bridge on Mainnet. More details here 👇 https://t.co/rp5DMj4cEH https://t.co/1L9EVePeV3
It really feels like zk-tech and Oracle tech are destined to intertwine at some point. Oracles are concerned with bringing trusted data onchain trustlessly and ZK tech is about verifying computational integrity without trusting the computational source. A match made in heaven.
#ZK Tech Startup @SuccinctLabs Raises $55M to Propel #ZeroKnowledge Proofs Into Mainstream Development https://t.co/GvAPj1vvuw
.@SuccinctLabs raised $55M led by @paradigm to make zero knowledge proofs accessible to any developer. The total raised comes across a Seed and Series A round with participation from @robotventures, @BanklessVC, @__geometry__, @zkv_xyz and angels including @sreeramkannan from… https://t.co/pHcu6i7UXW
Paradigm leads $55 million round in ZK proofs startup alongside Polygon founders https://t.co/4Y4a08OWZM
ZK for the win! https://t.co/BoEOZY9Fgi
“ZK is as a big of an innovation to the world as blockchains themselves” - VB https://t.co/HUHSUUk3wD
The @SuccinctLabs team is firing on all cylinders and my cofounder @jtguibas is the most talented person I know. John is more than a 10x engineer--with him, building *anything* is possible. If you want to join us at the frontier of ZKPs, we are hiring: https://t.co/zcCZSKplaq https://t.co/UTgQWegWeV
Congrats! It’s really inspiring to see how far they go from zk bridge to developer facing zk platform and finally to sp1 for their goal. It’s tough for every startup to stick to a long term vision in this market, bullish on builders who keep’s building towards that! https://t.co/qz2rqq2FPi
I'm extremely excited to see the Succinct team get the funding they deserve. This new funding will enable them to take their key ZK-proving infrastructure to new heights. One of our main bets at Sovereign has always been that the true value of ZK will be enabled once the… https://t.co/bZtHWi8RUV
ZKPs are one of the most interesting technologies I've had a chance to work with and will upgrade all of blockchain infra. It's been a privilege to work with the legendary @paradigm team and all of @SuccinctLabs in accelerating ZK to its fullest potential. https://t.co/UTgQWegWeV
TendermintX was a huge unlock for so many apps. We have not even begun to scratch the surface of its infra use-cases and my current ZK project is going shockingly smoothly thanks to SP1, the zkVM is the proving itself to be a huge unlock as well. https://t.co/N4shmkxlfg
SP1 is amazing software. The first time I felt, as a non-cryptographer, that ZK was something we could use in a practical toolkit, instead of a "good in theory but not ready for production" idea. Very excited to see where the team takes it from here. https://t.co/fKMQFrsCET
Congrats to @SuccinctLabs 🔥 https://t.co/VPzwz1aHJB
Been a pleasure to support @pumatheuma and @jtguibas in their journey to push the frontier of ZK. Pretty often they propose things we didn’t think possible (like building a SOTA ZKVM in a few mos). We’ve learned to believe them. Excited for everything else to come this year! https://t.co/wWsKLmPyGQ
Congrats @browsercompany! https://t.co/uba2KxVaVU
The @arcinternet browser is how I access the internet. Very impressive product execution and huge vision. Congrats @browsercompany on their new round! https://t.co/nUMwQkLtIw