TechFlow news — According to an official announcement, zCloak Network, a privacy computing platform based on zero-knowledge proof technology, has completed a $5.8 million Pre-A funding round. Investors include Coinbase Ventures, Bixin Ventures, Matrixport Ventures, DFG, Sancus Ventures, KuCoin Ventures, Sanctor Capital, Hash Global, and Jump Capital.
The new funds will be used to expand collaborations within the industry and develop standardized protocols for verifiable computing technologies in user space. zCloak plans to establish partnerships with more identity data verification institutions, Web3 application projects, and public blockchains.
zCloak Network is a privacy computing service platform based on zero-knowledge proof technology. It utilizes a zk-STARK virtual machine to generate and verify zero-knowledge proofs for general-purpose computations, enabling users to analyze and compute data without revealing or transmitting the underlying data externally.
