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Cysic - Pre-Series A
Overview
Funding Date
May 23, 2024
Financing amount
$12M
Valuation
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Catagory
Subcategory
About Cysic - Pre-Series A
Cysic, a ZK (zero-knowledge) hardware acceleration company, announced that it has successfully raised $12 million in a pre-A funding round. The round was led by industry leaders Hashkey Capital and OKX Ventures.
Investors
Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
---|---|---|---|---|---|---|
Fund | Hong Kong | 2018 | 172 | contact@hashkey.capital | ||
Corporate | Hong Kong | 2017 | 141 | support@okex.com |
Founders & Team
Xiong Fan
Bowen Huang
Company Profile / Project Introduction
Cysic is a zero-knowledge (ZK) hardware startup that aims to provide hardware acceleration solutions for ZK proof protocols. Within two months of launching, the Cysic team developed a FPGA prototype of multi-scalar multiplication (MSM), which is an important component within ZK protocols. An FPGA is a type of programmable hardware, which is akin to CPU and GPU chips. Running MSM on a CPU can be incredibly power and time intensive, which is why Cysic focused on trying to accelerate this component with FPGAs.