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Fermah - Seed
Overview
Funding Date
September 17, 2024
Financing amount
$5.2M
Valuation
--
Category
Subcategory
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About Fermah - Seed
The universal proof generation layer developer Fermah raised $5.2 million in seed funding. The a16z crypto Startup Accelerator (CSX) fund and venture capital firm Lemniscap co-led the round, which saw additional support from Bankless Ventures, LongHash Ventures, P-OPS team, Public Works, ZKValidator, LambdaClass, Daedalus, Zero Dao, Velocity Capital, Daemon Ventures and angel investors including Balaji Srinivasan, Sandeep Nailwal and others.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 2022 | 40 | -- | ||
| Fund | Hong Kong | 2017 | 93 | [email protected] | ||
| Fund | Unknown | 2022 | 35 | -- | ||
| Fund | Singapore | 2018 | 84 | [email protected] | ||
| Fund | Unknown | -- | 15 | -- | ||
| Corporate | -- | -- | 6 | -- | ||
| Corporate | Argentina | -- | 7 | [email protected] | ||
| Fund | Unknown | 2022 | 5 | [email protected] | ||
| DAO | Unknown | -- | 3 | -- | ||
| Fund | Unknown | -- | 3 | -- |
Company Profile / Project Introduction
Fermah is the universal proof generation layer. It functions as a marketplace, where the supply side consists of machines such as GPUs and FPGAs. Initially, the supply side is bootstrapped by EigenLayer Operators. On the demand side, Seekers can request that Fermah generate proofs for any instance in which ZK is used—whether for zkRollups, ZK bridges, zkCoprocessors, ZKML, or anything else. The demand and supply sides are aligned with Fermah's Matchmaker.