Odaily News Zero-knowledge proof infrastructure company Irreducible announced the completion of a $24 million Series A financing round, led by Paradigm and Bain Capital Crypto, with participation from Fenbushi Capital, L2 Iterative Ventures, and Robot Ventures. Angel investors Anna Rose, Brendan Farmer, Daniel Lubarov, Sina Habibian and Varun Srinivasan also participated in the investment.
It is reported that this round of financing will accelerate Irreducible's advancement of the infrastructure construction of the verifiable Internet. Its core goal is to create the fastest and most effective cryptographic proof solution. The Binius proof system launched by Irreducible is based on the research results of Towers of Binary Fields. This round of financing will help the development of Binius and make it the preferred solution for protocol developers.