TechFlow News – Kakarot, a modular zkEVM launched by Starknet, has announced the completion of its seed round funding led by Stake Capital Group and LongHash Ventures, with participation from Eterna Capital, Fenbushi Capital, OKX Ventures, Foresight Ventures, among others. The specific amount raised was not disclosed.
The team stated that the funds will be used to expand the team and accelerate the development of Ethereum scaling solutions. Kakarot is a zkEVM written in Cairo, a provable programming language that runs on the Cairo VM.
The team is currently working through thousands of official tests (Hive and execution tests) designed by the Ethereum Foundation. Upon completion, the new EVM will be released on a standalone testnet, ideally by the end of this year.
