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Lagrange Labs
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Provides verifiable computing frameworks for ZK proofs
Lagrange Labs
Work Here?
Provides verifiable computing frameworks for ZK proofs
About Lagrange Labs
Industries
Data & Analytics
Crypto & Web3
Company Size
11-50
Company Stage
Seed
Total Funding
$16.7M
Headquarters
New York City, New York
Founded
2022
Overview
Lagrange Labs creates frameworks for verifiable computing, focusing on generating Zero-Knowledge (ZK) proofs that allow one party to confirm the truth of a statement without revealing additional information. Their technology supports various programming models and serves clients in the blockchain and decentralized finance (DeFi) sectors, including developers and financial institutions. What makes Lagrange Labs unique is their ability to enable secure interactions between different blockchain networks without intermediaries. Their goal is to provide essential tools for secure and efficient data verification in the blockchain ecosystem.
Simplify's Take
What believers are saying
- Lagrange Labs launched its ZK Prover Network on EigenLayer's Mainnet in June 2024.
- They secured $13.2M in seed funding led by Founders Fund.
- Partnerships with top-tier institutional validator teams enhance their market credibility.
What critics are saying
- Increased competition from startups like StarkWare and zkSync.
- Potential regulatory scrutiny in the U.S. and EU could impact operations.
- Reliance on major exchanges like Coinbase and Kraken poses partnership risks.
What makes Lagrange Labs unique
- Lagrange Labs specializes in verifiable computing frameworks for Zero-Knowledge proofs.
- Their platform supports MapReduce, RDD, and distributed SQL programming models.
- They offer cross-chain interaction through cryptographically secure state proofs.
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Funding
Total Funding
$16.7M
Above
Industry Average
Funded Over
1 Rounds
Founders FundIndustry standards
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Remote Work Options
Flexible Work Hours
Unlimited Paid Time Off
Company Equity
Conference Attendance Budget
Growth & Insights and Company News
6 month growth
↑ 11%1 year growth
↑ 11%2 year growth
↑ 25%NEW YORK, June 4, 2024 /PRNewswire/ -- Lagrange Labs has announced the launch of its Zero Knowledge (ZK) Prover Network on EigenLayer's Mainnet, powered by Coinbase, OKX, Staked (a Kraken company), P2P.org, Ankr, Nethermind, Luganodes, and more. As the first decentralized proof network deployed in the industry, Lagrange's ZK Prover Network is backed by more than 20 of the best institutional validator teams in the space. This marks the first time top-tier operators have united to run production-grade ZK provers as part of a decentralized network to finally enable mainstream access to ZK technology. Lagrange Labs' latest $13.2M seed funding round served to accelerate the development of the Prover Network, which supports its hyper-parallel ZK Coprocessor protocol.Lagrange's ZK Prover Network launching as an Actively Validated Service (AVS) on EigenLayer offers unique advantages beyond the security and privacy inherent in ZK proofs. While ZK proofs guarantee the validity of a computation, there is no guarantee of liveness of when a proof will arrive to a blockchain. With Lagrange's Prover Network, however, operators run provers and commit to generating proofs within a given time period and collateralize the commitment with capital
Lagrange Labs launches its ZK Prover Network on EigenLayer, powered by Coinbase, Kraken and OKX.
Seeds Labs (Bladerite) secured $12 million in a seed funding round from Blizzard, Krust Universe, Hashkey Capital, UOB Venture Management, Signum Capital, Infinity Ventures Crypto (IVC), Emoote, and Solana Foundation.
Lagrange Labs, based in NYC, secured $13.2M in seed funding led by Founders Fund, with contributions from Archetype Ventures and others. The funds will boost R&D for its ZK Coprocessing platform, enhancing blockchain computation efficiency. CEO Ismael Hishon-Rezaizadeh highlighted the potential for new applications like AI/ML models on blockchain, supported by partnerships and the launch of the "Euclid" testnet.
Lagrange Labs, specializing in cryptography and blockchain, secured a $13.2M seed investment led by Peter Thiel's Founders Fund. Other participants included Archetype Ventures, 1kx, Maven11, Fenbushi Capital, Volt Capital, CMT Digital, and Mantle Ecosystem Fund. The funding will advance the development of the ZK Coprocessor, aimed at enhancing cross-chain interoperability and scalability for decentralized applications. The technology is set for a mainnet launch in 2024.
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About Lagrange Labs
Industries
Data & Analytics
Crypto & Web3
Company Size
11-50
Company Stage
Seed
Total Funding
$16.7M
Headquarters
New York City, New York
Founded
2022
There are no jobs for Lagrange Labs right now.
Find jobs on Simplify and start your career today