TLDR:
- Bison Labs, a sovereign rollup company using ZK-proof on Bitcoin, closed an undisclosed amount in Pre-Seed funding led by Portal Ventures.
- The company plans to use the funds to expand operations and development efforts.
In a recent development, Bison Labs, based in Wilmington, DE, secured Pre-Seed funding from investors including Portal Ventures, UTXO, Domo (BRC-20 Creator), Waterdrip Capital, Bitcoin Startup Labs, and others. Led by CEO Jay Lee, Bison Labs is a sovereign rollup using ZK-proof on Bitcoin with a focus on market assumption and security. Different from existing Layer 2 solutions, the company prioritizes a system through client-side verification and secure asset storage in a joint custody DLC, eliminating the need for external assumptions, which ensures security unless the secret key is compromised. Bison Labs has already attracted over 15 teams to build on its platform and is expanding its support to EVM and Rust0 VM, in addition to CairoVM.
