News with the tag "Succinct Labs"

Succinct Labs, a zero-knowledge proof (ZK) technology infrastructure startup, has collaborated with OP Labs, the developer behind Ethereum’s layer-2 scaling solution Optimism (OP), to build an innovative zero-knowledge proof rollup solution called OP Succinct. According to The Block, this new rollup...

Succinct Labs and Polygon Labs introduce pessimistic proofs via SP1 zkVM, enhancing cross-chain security and simplifying ZK development.

Succinct Labs' flagship offering, SP1, stands out as the first 100% open-source zkVM capable of rivaling custom ZK circuits in performance. The post Succinct Labs Raises $55M to Advance ZK Proofs Technology appeared first on Latest News and Insights on Blockchain, Cryptocurrency, and Investing .

On Thursday, Succinct Labs, a startup dedicated to democratizing zero-knowledge proofs, unveiled that it had secured $55 million in funding through both seed and Series A rounds. Paradigm took the lead in this financial boost, with additional support from entities like Robot Ventures, Bankless Ventu...