TLDR: Lagrange Labs Raises $13.2M in Seed Funding
Key Points:
- Lagrange Labs, a NYC-based company, raised $13.2M in Seed funding to accelerate its research and development efforts.
- The funding round was led by Founders Fund, with participation from various other investors and angels.
Lagrange Labs, led by CEO and Founder Ismael Hishon-Rezaizadeh, specializes in scaling blockchain computation. The company created a zero-knowledge coprocessing protocol that enables verifiable computations at big data scale across various blockchains. Their approach involves a decentralized network of nodes that execute computations off-chain and generate ZK proofs of the results to submit on-chain, unlocking significant efficiency and cost gains.
The funding will be used to refine Lagrange Labs’ ZK Coprocessing platform and expand its application across the blockchain ecosystem. The company has also announced partnerships with various organizations and the launch of its first ZK coprocessor testnet, “Euclid.”
Ismael Hishon-Rezaizadeh stated, “With our approach to ZK Coprocessing, we can unlock new use cases that require handling of big datasets, such as on-chain liquidity or pricing calculations or even running AI/ML models, all secured by restaking with our integration with EigenLayer.”
