ZK proof startup Ulvetanna completes $15 million funding, led by Bain Capital Crypto and Paradigm

ChainCatcher news, zero-knowledge proof (ZKP) hardware company Ulvetanna has completed a $15 million seed round financing at a valuation of $55 million, led by Bain Capital Crypto and Paradigm, with participation from Jump Crypto. This round of equity financing ended last June.

It is reported that Ulvetanna is building hardware aimed at accelerating the ZKP generation process, which is a cryptographic authentication method that proves specific information without revealing the content of the information. In the field of cryptography, this technology has traditionally been used for scaling solutions in blockchain networks, especially Ethereum. (TheBlock)