Irreducible, a crypto startup formerly known as Ulvetanna, has secured $24 million in Series A funding to advance its mission of making zero-knowledge proofs (ZKPs) faster and more cost-efficient.
Paradigm and Bain Capital Crypto co-led the round, with Fenbushi Capital, L2 Iterative Ventures and Robot Ventures participating, Irreducible said Thursday. Angel investors such as Anna Rose (host of the Zero Knowledge podcast), Sina Habibian (host of the Into the Bytecode podcast), Varun Srinivasan (co-founder of Farcaster) and Polygon Zero co-founders Brendan Farmer and Daniel Lubarov also joined the round.