- Peter Thiel’s startup capital firm, Founders Fund, led the $13.2 million seed fundraising round for Lagrange Labs.
- With its ZK Coprocessor, the business creates infrastructure that scales massive data for cross-chain interoperability.
The business Lagrange Labs, which is developing the Lagrange cryptography protocol, has successfully raised $13.2 million in seed funding. In addition to Archetype Ventures, 1kx, Maven11, Fenbushi Capital, Volt Capital, CMT Digital, and Mantle Ecosystem Fund, Peter Thiel’s venture capital firm Founders Fund led the round.
Lagrange creates large data scalability architecture for cross-chain interoperability. With the money, the company plans to expand its ZK Coprocessor, a type of blockchain technology that increases the amount of computing and datasets that decentralized application developers may access.
According to a business announcement, use applications for the ZK Coprocessor include executing machine learning or artificial intelligence models or providing on-chain liquidity. Sometime around 2024, Lagrange Labs plans to introduce the ZK Coprocessor to the mainnet.
According to a release from the project, Lagrange’s ZK Coprocessor employs a novel strategy by first pre-processing blockchain data into a SNARK optimized data structure by using a decentralized network of proves.
After pre-processing, large-scale SQL queries can be proved over ZK-friendly data by Lagrange’s network of provers at a cheap cost to customers. Since our coprocessor is naturally parallelizable, parallel processing and proof production allow proving to scale horizontally across an arbitrary number of operators.
Lagrange added support for Mantle, Base, Frax, Polymer, LayerZero, Omni, and the Ethereum liquid restaking protocol EigenLayer.
Lagrange Labs raised $4 million in pre-seed funding in May of last year, spearheaded by the cryptocurrency investment firm 1kx, with additional assistance from Maven11, Lattice Fund, CMT Digital, and Daedalus Angels.
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