TechFlow News — Ulvetanna, a zero-knowledge proof (ZKP) hardware startup, has closed a $15 million seed round at a $55 million valuation, co-led by Bain Capital Crypto and Paradigm, with participation from Jump Crypto. The equity financing concluded in June last year.
Ulvetanna is building hardware designed to accelerate the generation of zero-knowledge proofs (ZKPs), a cryptographic authentication method that enables proving the validity of specific information without revealing the underlying data. In the crypto space, this technology has traditionally been used in blockchain scalability solutions, particularly for Ethereum.Original link
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