$13.2 million was raised in seed investment by Lagrange Labs, a NYC-based business that specializes in scaling blockchain processing.
Investors
- Founders Fund
- Archetype Ventures
- 1kx
- Maven11
- Fenbushi Capital
- Volt Capital
- CMT Digital
- Mantle Ecosystem Fund
Use of funds
The business plans to use the money to speed up its R&D, with a particular emphasis on improving its ZK Coprocessing platform and broadening its use in the blockchain ecosystem.
The news came after Lagrange had just launched “Euclid,” its first ZK coprocessor testnet, and formed collaborations with EigenLayer, Base, Frax Finance, Mantle Network, and Omni Network.
About Lagrange Labs
Lagrange Labs is the developer and distributor of a novel zero-knowledge coprocessing protocol that permits verifiable calculations at big data scale across several blockchains. The company is run by CEO and Founder Ismael Hishon-Rezaizadeh. Using a decentralized network of nodes, its method unlocks huge cost and performance savings by running calculations off-chain and generating ZK proofs of the findings to submit on-chain in a hyper-parallel fashion. It provides opportunities for advancements in big data applications and cross-chain interoperability that call for intricate calculations.
“With our approach to ZK Coprocessing, we can unlock new use cases that require handling of big datasets, such as on-chain liquidity or pricing calculations or even running AI/ML models, all secured by restaking with our integration with EigenLayer.”
Ismael Hishon-Rezaizadeh
