Official press releases, financial news outlets

Nexus Labs Raises $25M in Series A Funding Co-Led by Lightspeed and Pantera, with Dragonfly and Faction

Jun 11, 2024, 02:10 AM

Nexus Laboratories has successfully raised $25 million in a Series A funding round. The round was co-led by Lightspeed Venture Partners and Pantera Capital, with additional participation from Dragonfly Capital and Faction VC. Nexus Labs is pioneering the development of zero-knowledge proofs to enhance digital infrastructure. The company aims to scale its Nexus 1.0 zkVM to 1 trillion Hz of compute capacity, which will enable the next generation of verifiable computing. This funding will support Nexus Labs in advancing critical digital infrastructure and optimizing zero-knowledge privacy tools. Pantera and Lightspeed's involvement underscores the significance of this technological advancement, with investors like Veradittakit expressing strong support.