Overview

Horizen Labs creates programmable and customizable blockchains that focus on security, scalability, and privacy using zk SNARKs for zero-knowledge proofs. They offer a Software Development Kit (SDK) for developers to build custom blockchains and zkAudit, a privacy-enhanced audit system. Their expertise in zero-knowledge cryptography distinguishes them from competitors. The goal is to provide secure blockchain solutions for various sectors, including finance and healthcare.

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.

Help us improve and share your feedback! Did you find this helpful?

YesNo

Funding

Total Funding

$10.7M

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