Ulvetanna Closes $15 Million Seed Round Led by Bain Capital Crypto and Paradigm

Ulvetanna, a zero-knowledge-proof (ZKP) hardware firm, has closed a $15 million seed round led by Bain Capital Crypto and Paradigm, with participation from Jump Crypto. The funds raised will be used to further build out its team and invest further in servers and hardware computer chipping to power its platform.

Ulvetanna, a startup that builds hardware to increase the efficiency of zero-knowledge-proof generation, plans to primarily focus on generating ZKPs for Layer 2 zero-knowledge Ethereum Virtual Machine networks.