Ulvetanna

Ulvetanna

High-performance cryptographic computation services

About

Ulvetanna provides specialized cryptographic computation services designed for blockchain protocols. The company uses FPGA clusters and a unique mathematical approach known as a binary field tower to create custom hardware solutions that maintain high performance, even when compared to standard CPU systems. Their Binius software stack, which is open source and developed in Rust, supports various proof systems, including plonky2 and Polygon zkEVM, with plans to expand support to future systems like Binius and plonky3. Ulvetanna's infrastructure is environmentally friendly, powered by sustainable energy sources, and operates on bare metal, allowing for tailored network configurations and the use of advanced hardware. The company targets blockchain developers and enterprises that require efficient and cost-effective zero-knowledge proofs, generating revenue through their proving-as-a-service model that utilizes their sophisticated hardware and software capabilities.

Company Stage

Seed

Employees

11-50

Industries

Hardware, Fintech, Crypto & Web3

Total Funding

$14.6M

Headquarters

San Francisco, California

Founded

2022


Simplify Jobs

Simplify's Take

What believers are saying

  • Increased demand for zero-knowledge proofs boosts Ulvetanna's market potential.
  • FPGA technology adoption accelerates cryptographic computations, benefiting Ulvetanna.
  • Growing open-source contributions enhance Ulvetanna's Binius software stack.

What critics are saying

  • Dependence on FPGA technology may limit flexibility in hardware updates.
  • Open-source nature of Binius may lead to security vulnerabilities.
  • Reliance on climate-friendly energy sources may face supply chain challenges.

What makes Ulvetanna unique

  • Ulvetanna uses FPGA clusters for high-performance cryptographic computations.
  • The Binius software stack is open source and developed in Rust.
  • Ulvetanna's infrastructure is powered by climate-friendly energy sources.

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Growth & Insights
Headcount

6 month growth

8%

1 year growth

8%

2 year growth

8%

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