Fermah, a universal proof generation layer, has successfully closed a $5.2 million seed round co-led by a16z CSX fund and Lemniscap with additional participation from various venture firms and angel investors. This funding round will support Fermah in its product development and team expansion efforts, particularly focusing on making zero-knowledge proofs (ZKPs) viable for broad applications by addressing the complexity of ZK proof generation. Fermah, led by seasoned cryptographer Vanishree Rao, aims to optimize ZK proof generation for affordable, fast, and reliable outcomes, functioning as a marketplace for ZK proof generation. The company plans to democratize ZKP technology, expanding its range of applications and lowering costs through economies of scale.
Blockchain Technology, Venture Capital, Cryptography,United States
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