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Industries
Cybersecurity
Crypto & Web3
Company Size
11-50
Company Stage
Series A
Total Funding
$54M
Headquarters
Seattle, Washington
Founded
2021
RISC Zero provides tools for Web3 developers to create zero knowledge proofs (ZK proofs) easily. Their main product, the zkVM, acts like a real RISC V microprocessor, allowing programmers to write ZK proofs in a familiar coding environment. Additionally, their Bonsai decentralized proving engine helps developers integrate ZK proofs into their applications and blockchains without hassle. RISC Zero stands out by offering specialized cryptographic tools that enhance the security and functionality of decentralized applications. The company's goal is to support developers in building secure and private applications in the growing Web3 space.
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Total Funding
$54M
Above
Industry Average
Funded Over
2 Rounds
Industry standards
The past year has witnessed the ascendancy of Zero-Knowledge (ZK) technology. From its potential to increase and secure privacy protocols in the Web3 space, to its increased efficiency in validating transactions, the implementation of the tech is further cementing the growth and integration of blockchain into our daily lives. Its role in increasing efficiency has been taking center stage, as zk-proofs allow for data batching in transactions, lowering the computational requirements to process the information and the amount of data stored on blockchain networks.This means introducing a trustless scalability mechanism which the industry has been sorely lacking. The additional component that has secured its place as the new widely accepted validation protocol is the inherent capability to process this data without the need for any unnecessary information being added in, reinforcing the privacy frameworks inherent to blockchain.To mark the commitment and the recognition of this potential, Ethereum and other Layer 1 platforms, the pillars of the industry, are in the process of transitioning towards settlement and proof verification through the implementation of ZK technology. As Layer 1s integrate this technology, we are about to see an industry-wide standardization. By securing the Web3 space with stronger validations, an issue in desperate need of resolution, this shift has the potential to secure the industry’s foundations and pave the way for the broad-scale adoption it has been lacking.Decentralization: a benefit and a hurdleZK technology has taken on the role of overcoming decentralization challenges, namely the creation of centralized verification hubs in current solutions, and the need for efficient systems to allow people easy access to additional chains.As the Web3 space develops, the focus is on the broader narrative of decentralized systems, keeping them so, and emphasizing the need for interoperability in an app-sharded future
Introducing Zeth —The First Type 0 zkEVMSEATTLE, Aug. 22, 2023 /PRNewswire/ -- RISC Zero , developers of leading general purpose zero-knowledge (ZK) virtual machine technology, today announced Zeth , a first-of-its-kind "Type 0" (fully Ethereum-compatible) zkEVM built on the RISC Zero zkVM and Bonsai proving service . Zeth is a new way of architecting L2's and scaling Ethereum, making this milestone release a significant step forward for ZK tech and the Ethereum ecosystem. Zeth paves the way for unprecedented ease in building powerful and efficient ZK infrastructure such as ZK rollups, ZK light clients, and ZK bridges.Type 0: A new category of zkEVMIntroducing Zeth —The First Type 0 zkEVM Tweet thisEthereum was not originally designed around ZK-friendliness, so there are many parts of the protocol that take a large amount of computation to ZK-prove. Type 1 aims to replicate Ethereum exactly, and so it has no way of mitigating these inefficiencies. At present, proofs for Ethereum blocks take many hours to produce
RISC Zero, a Seattle-based crypto startup, today announced the close of a $40 million Series A round.
Risc0 published v0.15 of the RISC Zero zkVM, which includes one of my favorite features: continuations.
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Industries
Cybersecurity
Crypto & Web3
Company Size
11-50
Company Stage
Series A
Total Funding
$54M
Headquarters
Seattle, Washington
Founded
2021
Find jobs on Simplify and start your career today
Discover companies similar to Risc Zero