Crypto Firm RISC Zero Secures $40M Funding Round Led by Blockchain Capital

Jul 20, 2023

By Fredrik Vold | @fredrik-vold

RISC Zero, a startup that builds zero-knowledge (ZK) proof software, has raised $40 million in a Series A funding round led by the major crypto-focused investor Blockchain Capital.

In its announcement of the closing of the funding round, RISC Zero said the fresh capital will be used to bring its Bonsai computing platform to the market.

Bonsai is a platform that allows developers to focus on coding their application, while the platform takes care of complexities related to proof orchestration and server infrastructure.

According to the firm, this will “bring massively parallel ZK-proving functionality to any developer, in any language, on any chain.”

A new foundation for the future internet

Commenting on the raise, Brian Retford, CEO & co-founder of RISC Zero, said his team is honored to be supported by investors that want to help his firm create a “revolution in computing capability.”

To read the entire article...Click Here!