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CDS Startups ZK Startup Lagrange Labs Raises $4 Million in Funding

Startups

ZK Startup Lagrange Labs Raises $4 Million in Funding

Lagrange Labs announced that it raised $4 million in a pre-seed round.

lectertodd19/05/20231 Mins read553

ZK Startup Lagrange Labs Raises $4 Million in Funding

To develop its ZK technology enabling secure interoperability across various blockchain networks, zero-knowledge (ZK) startup Lagrange Labs has acquired $4 million in pre-seed funding.

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ZK Startup Lagrange Labs Raises $4 Million in Funding

According to a Thursday email message, investment firm 1kx spearheaded the financing, which also included contributions from Maven11, Lattice Fund, CMT Digital, and Daedalus Angels.

What is Lagrange Aiming for?

By enabling developers to create decentralized apps (dApps) that can operate across various blockchains simultaneously while reducing the security concern that this may otherwise entail, Lagrange’s work may attract more consumers to decentralized finance (DeFi).

These intermediaries also tend to be limited in the information they can pass on. Modern DeFi applications require more sophisticated relationships between data on different blockchains, and we’re excited to see how our technology can unlock new multi-chain DeFi primitives.
Ismael Hishon-Rezaizadeh, Lagrange’s Founder

Sources:Coindesk

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