Skip to content

Home  About  Disclaimer  Privacy  Editorial  Advertise

Menu
  • Home
  • Artificial Intelligence Trading
  • Prop
  • Brokers
  • Exchanges
  • Blockchain
  • Guides
  • Sitemap
  • Contact
Menu

Zero-Knowledge Startup RISC Zero Realizes $40Million in Series A Round

Posted on July 22, 2023

Seattle-based startup received a boost in realizing $40 million in the just concluded Series A funding round. The zero-knowledge developer lauded the input of Blockchain Capital to lead the financing round. 

Blockchain Leads Alchemy and Bain Capital Crypto in RISC Zero Round

The round attracted multiple participants, including Galaxy Digital, Alchemy, Bain Capital Crypto, RockawayX, IOBC, and  Algaé Ventures. Other participants in the fundraiser included Fenbushi Capital, Tribute Labs’ Zero DAO, Delphi Digital IOSG, and Maven 11. 

AI Trading

RISC Zero lauded the participants for their contribution, enabling it to deliver a scalable blockchain. It intends to use the zero-knowledge (zk) proof tech created by StarkWare and integrated with the RISC-V zero-knowledge virtual machine (zkVM). 

RISC-V zkVM differs from the popular zkEVM architecture that utilizes zero-knowledge rollups in verifying transaction data. The Seattle-based RISC-V zkVM is chain-agnostic and eliminates the need for wallet addresses and blockchain constructs.

The integration of the technologies enables RISC Zero to empower the developers reliant on Rust, C++, and Go to program. The firm offers beyond the standard programming languages to create decentralized applications (dapps). Its accomplishment yields a more accessible and inclusive basis to adopt Web3 tech among developers. 

Breaking Down Bonsai Computing Platform

RISC Zero targets to leverage the fresh funding as it focuses on the Bonsai Computing platform. Such involves tools that enable the execution of boundless computation on the blockchain. 

RISC Zero chief executive Brian Retford lauded the input of contributors. He added that the funding would facilitate bringing the product to the market. Such would fuel rapid application development within the cloud and decentralized environments.

AI Trading

Retford considers the Bonsai platform as one to empower developers to write their applications rather than worry about challenges surfacing under proof orchestration and server infrastructure. 

The Bonsai computing platform is poised to yield parallel ZK-proving functionality to the developers irrespective of the language and chain. The chief executive indicated that it is still within the early development phase.

Retford clarified that the developers have focused on a few use cases, including Bonsai proving service. The element constitutes the ETH Relay utilized to access Bonzai when using the Ethereum blockchain.

RISC Zero in August 2022 saw Bain Capital lead a seed round that netted $12 million. The fresh funding will enable the zk startup to realize its mission of fixing the internet. 

RISC Zero Promises to Deliver Transparent and Verifiable Supply Chains. 

Blockchain managing partner Bart Stephens profiled RISC Zero as the company set to deliver supply chains’ transparency and verifiability in a manner that eliminates concerns regarding privacy, security, and trust issues. He added that RISC Zero will avert the concerns by harnessing zero-knowledge computing to produce a new generation of applications that address the pressing difficulties witnessed in the digital age. 

The Blockchain Capital founder admitted that the viability of the RISC Zero product that harnesses zero-knowledge computing justifies the firm’s investment in the Seattle-based startup. 

Besides Bain Capital Crypto, Galaxy Digital representatives praised the potential of RISC Zero in eliminating security and privacy concerns. Alchemy executives echoed the sentiments and expressed optimism in RISC Zero realizing the Bonsai computing platform.

The Series A round led by Blockchain Capital is the third time the startup has been held. The initial fundraiser yielded $2 million during the pre-seed phase, steered by Ramez Naam Ventures, assisted by Geometry Research.


SureTradeGroup.com is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Some of the content on this site is paid content that is not written or posted by our writers or editors and the opinions expressed do not reflect the opinions of this website. Any disagreement you may have with brands or companies mentioned in articles will need to be taken care of directly with those specific brands and companies. The responsibility of anyone who may click links in our articles and ultimately sign up for that product or service is their own. Forex, Stocks, Cryptocurrencies, NFTs and Dogital Tokens are all a high-risk asset, investing in them can lead to losses. Readers should do their own research before taking any action.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Try The #1 Artificial Intelligence Trading System For Free

Looking for something?

Crypto Prices

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$71,159.00
2.06%
ethereum
Ethereum (ETH)
$3,680.97
7.46%
tether
Tether (USDT)
$1.00
0.03%
binancecoin
BNB (BNB)
$583.95
0.09%
solana
Solana (SOL)
$177.21
0.26%
ripple
XRP (XRP)
$0.62
4.26%
usd-coin
USDC (USDC)
$1.00
0.02%
dogecoin
Dogecoin (DOGE)
$0.199372
-0.67%
cardano
Cardano (ADA)
$0.61
4.67%
binance-usd
BUSD (BUSD)
$1.00
-0.44%

Recent Posts

  • Full CanaBit.AI Review (4.5 out of 5) A Step-by-Step Evaluation of CanaBit AI (CanaBitAI)
  • US Treasury Allegedly Pressured Fed to Halt Facebook Libra Stablecoin
  • Bitcoin Surges Toward $100K as South Korea Cuts Interest Rates Again
  • Bitcoin Nears $100K: Trezor Wallet Sales Skyrocket 600% Amid Rally
  • Uniswap’s $15.5M Bounty Fuels UNI’s 30% Surge to $11.50
  • Spines Faces Pushback From Authors on AI-Powered Book Publishing Plans
  • Ripple CEO Brad Garlinghouse Rumored as Trump’s Pick for Crypto Czar Role
  • Dogecoin Drops 4% as Market Cools: Is the Meme Coin Rally Over?
  • Crypto Scammers Target High-Level Executives, Claiming to Earn Five Figures Weekly
  • Ethereum’s Path to $10,000: Analysts Share Predictions and Market Trends
  • Heather Morgan Sentenced to 18 Months for Role in $4 Billion Bitcoin Laundering Scheme
  • Dogecoin on the Verge of a 22% Price Move, Analyst Predicts
  • XRP price jumps 14% amid speculation of SEC Chair Gensler’s exit
  • UK Unveils Legislation to Bolster Crypto Market Amid US Pro-Crypto Momentum
  • Coinbase CEO Questions Political Motives Behind DOJ Polymarket Investigation
  • U.S. Appeals Court Upholds Decision in Elon Musk “Funding Secured” Case

Invest in Crypto

  • Binance
  • Capital.com
  • Eightcap
  • Invast Global
  • Kraken
  • Synergy FX
  • Coincheck
  • Gemini
  • FTX
  • Coinbase
  • Gate.io
  • KuCoin
  • Bitfinex
  • Huobi Global
  • Bybit
  • Bitstamp
  • OKX
  • MEXC
  • Phemex
  • Bithumb
  • LBank
  • Upbit
  • Bittrex
  • OFP Funding
©2025 Sure Trade Group | Design: Newspaperly WordPress Theme