Pi Squared raises $12.5 million for universal ZK circuit technology
From Investing.com: 2024-07-02 12:00:35
Pi Squared, a company specializing in zero-knowledge technology, closed its first capital raise with $12.5 million led by Polychain Capital. The syndicate includes notable investors like Samsung and Polychain Capital. They aim to revolutionize verifiable computing by creating a universal ZK circuit for all languages and virtual machines, promising correctness and interoperability.
The CEO, Grigore Roșu, aims to make Pi Squared’s technology universal and lightning-fast for various applications, including a universal settlement layer (USL) for all blockchains. Investors like Polychain Capital believe Pi Squared’s proof of proof technology will have a transformative impact on Web3, making it more accessible and scalable for builders and users alike.
Pi Squared’s Universal Settlement Layer (USL) promises end-to-end correctness guarantees for computations and modular blockchains. It aims to provide provable correctness, minimal trust assumptions, app interoperability, determinism, and reproducibility. The USL will support various application modules and networks while promoting verifiable computing as the standard paradigm.
Pi Squared will be presenting at events around EthCC in Brussels from July 8th to 11th, showcasing its innovative technology and vision for a universal ZK circuit. Attendees can hear CEO Grigore Roșu speak at different sessions during the event. Interested individuals can book a meeting with the Pi Squared team by contacting them via email.
Pi Squared is led by UIUC professor Grigore Rosu, known for his contributions to formal methods, blockchain, and AI. The company’s unique approach to ZK technology offers a new way to ensure verifiable-computing correctness for all languages and virtual machines. To learn more about Pi Squared’s vision and technology, visit their website and follow them on social media.
Read more at Investing.com: Pi Squared Raises $12.5 Million in Seed Funding Led by Polychain Capital to Build a Universal ZK Circuit Powered by Proof of Proof By Chainwire