Overview

Horizen Labs creates programmable and customizable blockchain solutions using zk SNARKs, which allow for secure transactions without revealing sensitive information. Their main products include a Software Development Kit (SDK) for building custom blockchains and zkAudit, a privacy-enhanced audit system. What distinguishes Horizen Labs from competitors is their expertise in zero-knowledge cryptography, which enhances privacy in blockchain applications. The company's goal is to provide secure, scalable, and privacy-focused blockchain solutions across various industries.

Simplify's Take

What believers are saying

• Increased demand for zero-knowledge proof technology aligns with Horizen Labs' expertise.
• The rise of modular blockchains expands opportunities for Horizen Labs' zkVerify product.
• Growing stablecoin trend benefits Horizen Labs' EON network with ZUSD launch.

What critics are saying

• Removal of privacy features may alienate privacy-focused clients.
• ZUSD stablecoin launch may expose Horizen Labs to regulatory scrutiny.
• Strategic focus on Asia may face geopolitical risks and regulatory challenges.

What makes Horizen Labs unique

• Horizen Labs specializes in zk SNARKs for privacy-focused blockchain solutions.
• Their SDK enables efficient creation of custom blockchains for diverse applications.
• zkAudit offers privacy-enhanced audit systems, ensuring transparency without compromising user privacy.

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Funding

Total Funding

$11M

Above

Industry Average

Funded Over

1 Rounds

$7,000,000

Seed

Aug 2021

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.

Seed Funding Comparison

Above Average

Industry standards

Ind Avg. $3.3M

$500k

$1.5M

$2M

$2.3M

$3M

$7M