Nexus Revolutionizes Verifiable Computation with $25M Series A Funding
June 13, 2024, 3:31 pm
Location: United States, California, Menlo Park
Employees: 51-200
Founded date: 2000
Nexus, a San Francisco-based zero-knowledge cryptography company, recently closed a $25 million Series A funding round, bringing their total funding to $27.2 million. Led by Lightspeed Venture Partners and Pantera Capital, with participation from Dragonfly Capital, Faction Ventures, and Blockchain Builders Fund, this funding will propel Nexus to new heights in the world of verifiable computation.
Nexus, under the leadership of CEO and Founder Daniel Marin, is on a mission to revolutionize the way we approach computation. Their core technology, the Nexus Zero Knowledge Machine, is an open-source virtual machine system that can generate proofs for any computation. This breakthrough in verifiable computation has the potential to change the game for developers worldwide.
With the support of this latest funding round, Nexus plans to accelerate their go-to-market efforts and expand their engineering team. The company's vision is to make zero-knowledge proofs accessible to any developer, driving down the cost of these proofs significantly. This commitment to accessibility and affordability is what sets Nexus apart in the world of cryptography.
Nexus has already made waves in the industry with their Nexus 1.0 release, which introduces a new cryptographic technique for highly efficient proof aggregation. This system is designed to optimize and parallelize verifiable computation across clusters of machines, making it easier and faster for developers to utilize zero-knowledge cryptography.
The Series A funding marks a pivotal moment for Nexus, allowing them to expand their product offerings, support early-stage users, and engage with the scientific community on a deeper level. The company's dedication to pushing the boundaries of cryptography and making verifiable computation practical and scalable is what sets them apart in a crowded market.
As CEO Daniel Marin puts it, "Nexus aims to bring truth to the Internet. We want to bring to market an entirely new form of computation – verifiable computation. Our goal is to make zero-knowledge proofs accessible to any developer, and drive the cost of zero-knowledge proofs down by orders of magnitude." With this bold vision and the support of their investors, Nexus is poised to lead the charge in the world of verifiable computation.
In a world where data security and privacy are paramount, Nexus is paving the way for a more secure and transparent future. Their innovative approach to zero-knowledge cryptography is setting new standards for secure and efficient computation, and with the backing of Lightspeed Venture Partners, Pantera Capital, and other key investors, Nexus is well-positioned to make a lasting impact on the industry.
The future of computation is here, and Nexus is leading the charge. With their groundbreaking technology and unwavering commitment to accessibility and affordability, Nexus is poised to revolutionize the way we think about verifiable computation. Watch this space for more updates on Nexus and their journey to bring truth to the Internet.
Nexus, under the leadership of CEO and Founder Daniel Marin, is on a mission to revolutionize the way we approach computation. Their core technology, the Nexus Zero Knowledge Machine, is an open-source virtual machine system that can generate proofs for any computation. This breakthrough in verifiable computation has the potential to change the game for developers worldwide.
With the support of this latest funding round, Nexus plans to accelerate their go-to-market efforts and expand their engineering team. The company's vision is to make zero-knowledge proofs accessible to any developer, driving down the cost of these proofs significantly. This commitment to accessibility and affordability is what sets Nexus apart in the world of cryptography.
Nexus has already made waves in the industry with their Nexus 1.0 release, which introduces a new cryptographic technique for highly efficient proof aggregation. This system is designed to optimize and parallelize verifiable computation across clusters of machines, making it easier and faster for developers to utilize zero-knowledge cryptography.
The Series A funding marks a pivotal moment for Nexus, allowing them to expand their product offerings, support early-stage users, and engage with the scientific community on a deeper level. The company's dedication to pushing the boundaries of cryptography and making verifiable computation practical and scalable is what sets them apart in a crowded market.
As CEO Daniel Marin puts it, "Nexus aims to bring truth to the Internet. We want to bring to market an entirely new form of computation – verifiable computation. Our goal is to make zero-knowledge proofs accessible to any developer, and drive the cost of zero-knowledge proofs down by orders of magnitude." With this bold vision and the support of their investors, Nexus is poised to lead the charge in the world of verifiable computation.
In a world where data security and privacy are paramount, Nexus is paving the way for a more secure and transparent future. Their innovative approach to zero-knowledge cryptography is setting new standards for secure and efficient computation, and with the backing of Lightspeed Venture Partners, Pantera Capital, and other key investors, Nexus is well-positioned to make a lasting impact on the industry.
The future of computation is here, and Nexus is leading the charge. With their groundbreaking technology and unwavering commitment to accessibility and affordability, Nexus is poised to revolutionize the way we think about verifiable computation. Watch this space for more updates on Nexus and their journey to bring truth to the Internet.