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Funding
Lagrange Labs raises USD 13.2 million in seed funding to improve ZK co-processing technology
Web3 Ecosystem
May 8, 2024
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Web3 Ecosystem

Web3 Ecosystem

May 8, 2024

Lagrange Labs raises USD 13.2 million in seed funding to improve ZK co-processing technology

Funding

  • Lagrange Labs, a developer of an interoperability protocol powered by zero-knowledge (ZK) proofs, has secured USD 13.2 million in a seed funding round led by Founders Fund. Participating companies include Archetype Ventures, 1kx, Maven11, Fenbushi Capital, and Volt Capital.

  • The new capital will be used to upscale research and development efforts, primarily focused on refining its ZK co-processing technology and broadening its usage across the blockchain ecosystem.

  • In addition, the company is in discussions with potential partners and is considering collaborations to incorporate its technology into a variety of protocols. The aim is to improve computational efficiency and support the development of more complex blockchain applications while maintaining security.

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