In an ambitious stride towards technological evolution, Nexus has procured $25 million in Series A funding to spearhead advancements in verifiable computation through the lens of zero-knowledge cryptography.

According to the latest disclosure, the funding initiative was co-led by renowned venture capital firms Lightspeed Venture Partners and Pantera Capital, with significant contributions from Dragonfly Capital, Faction Ventures, and Blockchain Builders Fund.

Cumulative Funding Reaches $27 Million

This substantial investment elevates Nexus’s total capital infusion to $27.2 million, underscoring the company’s steadfast commitment to pioneering verifiable computation and zero-knowledge cryptographic methodologies. The newly acquired funds are earmarked for bolstering market efforts and augmenting the engineering cadre.

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“Nexus aims to inject veracity into the fabric of the Internet,” articulated Nexus’s visionary founder and CEO, Daniel Marin. “Our objective is to usher in a novel paradigm of computation—verifiable computation.”

“We envisage this development as pivotal for humanity, comparable to the inception of the Internet, cloud computing, and artificial intelligence,” elaborated Marin. “Our ambition is to democratize zero-knowledge proofs for every developer and drastically reduce their cost by orders of magnitude.”

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Nexus’s initial seed funding of $2.2 million was secured in 2022, with Dragonfly leading the round, accompanied by Alliance, SV Angel, and Blockchain Builders Fund.

Scaling Nexus 1.0 to 1 Trillion Hertz

Nexus is laser-focused on leveraging zero-knowledge cryptography to enhance speed, security, and user experience for developers. This cryptographic approach enables the validation of statements or data without disclosing the underlying information.

The company has identified a burgeoning demand for proof generation from entities dedicated to scaling and securing decentralized infrastructures. Moreover, Nexus anticipates significant interest from industries such as artificial intelligence, cybersecurity, cloud computing, and privacy-enhancing technologies.

“With the ascendancy of AI and the burgeoning need for privacy preservation, verifiable computing is becoming indispensable. Nexus’s avant-garde approach holds the promise of rendering these sophisticated cryptographic techniques both practical and scalable,” asserted Lightspeed founder Ravi Mhatre.

Nexus previously unveiled Nexus 1.0, its inaugural significant release of a zero-knowledge virtual machine. This system integrated an innovative cryptographic technique for proof aggregation and featured a modular architecture to optimize and parallelize verifiable computation across clusters of machines.