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Cysic - Seed
Overview
Funding Date
December 17, 2023
Financing amount
$6M
Valuation
--
Catagory
Subcategory
About Cysic - Seed
Cysic raised $6 million in a seed round led by Polychain Capital. Other investors include Hashkey, SNZ Holding, ABCDE and Web3.com foundation.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 2016 | 150 | info@polychain.capital | ||
| Fund | Hong Kong | 2018 | 169 | contact@hashkey.capital | ||
| Fund | China | 2019 | 71 | hi@snzholding.com | ||
| Fund | Singapore | 2022 | 27 | -- | ||
| Corporate | Singapore | -- | 12 | -- |
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.