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Nexus Labs achieves 1 trillion Hz compute capacity by end of 2024?
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Nexus Laboratories•Lightspeed Venture Partners•Pantera Capital•Dragonfly Capital•Faction VC•Nexus Labs•Nexus•Pantera•Lightspeed•Veradittakit
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Nexus Labs official announcements, tech news outlets
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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.
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