Shantel
Key Takeaways:
- RISC Zero has raised $40 million in a Series A round led by Blockchain Capital.
- The funding will allow the company to bring its Bonsai computing platform to market.
- The company’s Zero-Knowledge Virtual Machine provides developers with the tools to build ZK-powered applications.
Series A Funding Boosts RISC Zero’s ZK-Powered Technology
Seattle-based RISC Zero, a developer of a groundbreaking zero-knowledge (ZK) virtual machine, announced a successful $40 million Series A funding round. Blockchain Capital spearheaded the round, with significant participation from Bain Capital Crypto, Galaxy Digital, IOSG, RockawayX, and several others.
Bringing Trustless, Scalable, and Decentralized Computation to Developers
RISC Zero’s ZK Virtual Machine is designed to empower developers to build ZK-enabled applications using conventional programming languages such as Rust and C++. With the company’s innovative system, users can confidently control their digital experiences, ensure computational integrity, and produce indisputable receipts of accurate program execution.
Bart Stephens, Founder and Managing Partner at Blockchain Capital, envisions a world of data privacy, security, and trust facilitated by RISC Zero’s technology. He underscored the transformative potential of zero-knowledge computing as a key driver behind their investment.
The Power of Bonsai Computing Platform
The newly secured funding will enable RISC Zero to launch its Bonsai computing platform, which supports swift application development and deployment in both cloud and decentralized environments. Bonsai aims to simplify proof orchestration and server infrastructure, enabling developers to concentrate on creating their applications.
Brian Retford, CEO and Co-founder of RISC Zero, expressed gratitude for the support from their capital partners. He highlighted the company’s role in building a more open and trustworthy foundation for the internet’s future.
RISC Zero is currently building a diverse and talented global team to explore the frontiers of computing. More information about job opportunities can be found at jobs.lever.co/risczero.com.
For more details, visit risczero.com.
