Peter Thiel’s Founders Fund leads $13.2 million seed round in cryptography startup Lagrange Labs | Headlines | News | CoinMarketCap

05/08/2024 21:23
Peter Thiel’s Founders Fund leads $13.2 million seed round in cryptography startup Lagrange Labs | Headlines | News | CoinMarketCap

Lagrange Labs, a startup building out the cryptography protocol Lagrange, raised $13.2 million in seed funding. Peter Thiel's venture firm …

Lagrange Labs, a startup building out the cryptography protocol Lagrange, raised $13.2 million in seed funding. Peter Thiel's venture firm Founders Fund led the round, which saw additional support from Archetype Ventures, 1kx, Maven11, Fenbushi Capital, Volt Capital, CMT Digital and Mantle Ecosystem Fund. 

Lagrange develops infrastructure that scales big data for cross-chain interoperability. The firm intends to use the financing to build out its ZK Coprocessor, a form of blockchain technology that scales the computation and datasets available to decentralized application developers. Use cases for the ZK Coprocessor include on-chain liquidity or running artificial intelligence or machine learning models, according to a company statement. Lagrange Labs intends to launch the ZK …

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