SAN
FRANCISCO, April 17, 2024 /PRNewswire/ --
Zeko Labs, a pioneering blockchain
company realizing the vision of a world powered by zero-knowledge
technology, announces the successful completion of a $3 million pre-seed funding round from a
consortium of early-stage investors. This funding will accelerate
the development and deployment of the Zeko Protocol, a cross-chain
zero-knowledge scaling protocol built on Mina and designed for the
next generation of developers shaping the future of finance, AI,
gaming, and the internet.
Ambitious developers and forward-thinking
institutions are invited to begin using the recently released Zeko
MVP
UOB Venture Management, Signum Capital, and YBB Capital led the
funding round with Zeko Labs, backed
by additional significant investments from Autonomy Capital,
Cogitent Ventures, GBV, Tenzor Capital, 3Commas Capital, ArkGrow,
AVID3, Cryptonauts, Nox Holdings, NxGen.xyz, SkyVision Capital
(SVC), and Presto Labs.
Zeko Protocol, built in collaboration with o1Labs and Mina
Foundation, aims to revolutionize the software development
landscape by placing advanced zero-knowledge proof capabilities
into the hands of developers, massively expanding the design space
for both EVM and non-EVM applications as we know them today.
Zero-knowledge applications (zkApps) that support both end user
privacy and recursive proof aggregation, are the foundation for a
broad range of open, transparent, and decentralized
financial or internet services, as well as gaming or AI use-cases.
Through a focus on scalability, data security, and
interoperability, the Zeko Protocol will empower individuals
worldwide with greater control over their assets and identity while
minimizing barriers to entry for developers and enterprises.
Evan Kereiakes, CEO of
Zeko Labs, expressed his enthusiasm
about the successful funding round: "We are thrilled to announce
the completion of our funding round, which marks a significant
milestone in our journey to realize the vision of the Zeko
Protocol. This support from our investors underscores their
confidence in our team and the transformative potential of Zeko.
With this funding, we are well-positioned to accelerate the
development of the Zeko Protocol and to inspire more developers to
push the boundaries of what is possible with blockchain
technology."
The newly secured funding will be utilized to expand the team,
accelerate product development, grow the developer community, and
foster strategic partnerships within both the blockchain and
traditional software sectors.
Ambitious developers and forward-thinking institutions are
invited to begin using the recently released MVP, and start
building the next generation of inspired zk-applications that
transform our way of life. For more information about Zeko Labs and the Zeko Protocol, please visit
https://zeko.io/.
About Zeko Labs:
Zeko Labs is a blockchain company
focused on developing decentralized finance and
software solutions powered by zero-knowledge technology.
Headquartered in San Francisco,
Zeko Labs is committed to
decentralization and user-owned data, and their combined potential
to revolutionize industries across the globe.
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SOURCE Zeko Labs Inc.