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Ingonyama completes US$21 million in seed round financing, led by IOSG Ventures and others
2024-01-23 15:10
Odaily News Ingonyama, an innovative company focused on accelerating and popularizing zero-knowledge proof technology, completed a US$21 million seed round of financing, led by IOSG Ventures, Geometry and Walden Catalyst Ventures. IOSG Ventures is committed to supporting projects with breakthrough progress in ZK technology innovation and application development, and will reach a long-term partnership with Ingonyama to focus on broader ZK technology development. Ingonyama is currently focused on improving the capabilities of zero-knowledge proofs (ZKP) through the product ICICLE. ICICLE is capable of accelerating ZKP calculations on GPUs and aims to make ZKP faster, more accessible, and affordable. In the future, Ingonyama plans to continue to develop and optimize ZKP technology and expand its application scope, not only in the blockchain field, but also in more industries that require a high degree of privacy and security. At the same time, establish a wider range of developers to promote the popularization and application innovation of ZKP technology.