Tech Company Financing Transactions
Lagrange Labs Funding Round
Founders Fund, 1kx and Archetype Ventures participated in a $13.2 million Seed capital raise for Lagrange Labs. This VC investment round closed on 5/9/2024.
Transaction Overview
Company Name
Announced On
5/9/2024
Transaction Type
Venture Equity
Amount
$13,200,000
Round
Seed
Investors
Proceeds Purpose
The company intends to us the funds to accelerate its research and development efforts, focusing on refining its ZK Coprocessing platform and expanding its application across the blockchain ecosystem.
Company Information
Company Status
Private & Independent
Industry
Internet & IoT
Mailing Address
301 E 79th St 8E
New York, NY 10075
USA
New York, NY 10075
USA
Phone
Undisclosed
Website
Email Address
Overview
Lagrange's ZK Coprocessor operates in a parallelized and distributed way: A computation is divided into multiple small tasks that can be distributed to multiple machines. The clusters of machines to execute computations and generate proofs scale horizontally, so as more machines participate, proofs can be generated faster over ever-growing datasets.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Ismael Hishon-Rezaizadeh
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Our team works diligently to report on every notable VC transaction. VC investment data records on this site are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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