May 8, 2024
Lagrange Labs, a leader in scaling blockchain computation, has raised $13.2 million in a seed funding round. Led by Founders Fund, the round saw participation from Archetype Ventures, 1kx, Maven11, Fenbushi Capital, Volt Capital, CMT Digital, Mantle Ecosystem Fund, and various angel investors. This funding will support the development and deployment of Lagrange's Zero-Knowledge (ZK) Coprocessing technology, aimed at enhancing the efficiency, speed, and security of big data applications over blockchains.
Project | Latest Raise | Latest Raise | Stage | Total Raise | Lead Investor | Category |
|---|---|---|---|---|---|---|
Lagrange Labs | May 8, 2024 | $13.2M | Seed | $13.2M | Founders Fund | ZK |
Key Features:
● Scalable: Hyper-parallel processing for handling large datasets.
● Secure: Verifiable computations with Zero-Knowledge proofs.
● Efficient: Reduces the need for on-chain computation, saving costs and resources.
● Innovative: Unlocks new use cases for dApps, such as on-chain liquidity and pricing calculations.
Strategic Use of Funds:
● Team Expansion: Hiring top talent to enhance platform development.
● Research and Development: Refining the ZK Coprocessing platform.
● Partnerships: Engaging with partners and exploring collaborations for technology integration.
About Lagrange Labs:
Lagrange Labs addresses a critical challenge in the blockchain ecosystem: scaling the computation capabilities of on-chain applications. The company has developed a ZK Coprocessor, an off-chain network of specialized nodes that execute intensive computations and generate Zero-Knowledge proofs of the results. These proofs are then submitted on-chain, allowing decentralized applications (dApps) to verify the integrity of the results without trusting the off-chain prover.
Lagrange's approach to ZK Coprocessing is hyper-parallel and horizontally scalable, enabling the network to handle large datasets efficiently. Their proprietary technology, Reckle Trees, allows for updating previously computed proofs without recomputation, further enhancing efficiency.
Website: https://www.lagrange.dev/
Twitter Account: @lagrangedev
Twitter Followers today: 16,600
Investor Profile:
Investor: Founders Fund
Description: Founders Fund is a prominent venture capital firm that invests in innovative and disruptive companies across various industries. They support teams that drive significant advancements in technology.
Location: United States
Website: https://foundersfund.com/
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