Succinct raised $55M in Seed and Series A rounds led by Paradigm to make zero-knowledge proofs available to any developer.
Mar 21, 2024•over 1 year ago
Amount Raised
$55 Million
San FranciscoSoftwareInformation TechnologyInvestors
Elad GilPolygonEigenlayerZk ValidatorGeometryBankless VenturesRobot VenturesParadigm
Description
Succinct, a web3 infrastructure provider, completed a $55 million funding round across seed and Series A rounds, with Paradigm leading the investment. The funding also attracted participation from Robot Ventures, Bankless Ventures, Geometry, ZK Validator, and several angel investors. The company aims to make zero-knowledge proofs available to any developer by using its zkVM, SP1, and decentralized prover network.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech