Crypto funding: Zero-knowledge tools stole the show this week
As ZK proof development continues apace, two startups focused on creating tools for building with zero knowledge announced funding rounds
Two projects focused on zero-knowledge — the cryptographic concept of proving a statement true without looking at its contents — announced funding rounds this week.
Variant and 1kx headlined a $6 million fundraise for Modulus, a startup using zero-knowledge to “bring AI on-chain.” Stanford University’s Blockchain Builders Fund also participated.
Modulus pitches itself as using zero-knowledge proofs to let AI developers check that their tools are working as intended without sacrificing decentralization. In a blog post announcing the fundraise, the company said a partnership with Worldcoin is in the works.
Evolution Equity Partners led a $5 million funding round for Boston-based Toposware, a software development firm hoping to woo developers with its “ zkEcosystem .”
Polygon co-founder Sandeep Nailwal participated in the funding round and is listed as a member of Toposware’s advisory council alongside Meta’s director of infrastructure and the global general manager of IBM.
Read more: Polygon’s new zk-powered token is live on Ethereum mainnet
Other notable fundraises
- Hong Kong-based Animoca Brands received $50 million from a fund owned by Saudi Arabia’s Public Investment Fund to boost Saudi Web3 development
- The Ekubo Protocol automated market maker (AMM) is poised to raise $12 million from Uniswap’s DAO after an initial community token vote.
- Tech investment giant a16z is reportedly aiming to raise $3.4 billion for its next round of venture funds. The firm plans new crypto investment vehicles in 2025.
- Base’s Surf derivatives exchange raised $3 million from ABCDE and others to support its creation of the “contracts based version of Uniswap.”
Don’t miss the next big story – join our free daily newsletter .
Follow Sam Bankman-Fried’s trial with the latest news from the courtroom .
- Animoca Brands
- Funding
- Uniswap
- zero-knowledge proof
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Gaming Tokens Gain 28%, SAND, APE, and AKsS Lead Rally
Blockchain to be used to count votes in Romanian presidential elections
Sui Blockchain's Record Performance Sends Token Price to $3,46
CYBRO Shows 500% Growth Potential, Eclipsing Solana and Toncoin