TechFlow reported, according to CoinDesk, that ZK hardware acceleration company Cysic has announced the completion of a $12 million Pre-A funding round led by Hashkey Capital and OKX Ventures. Participating institutions include prominent firms such as ABCDE, Bit Digital, Coinswitch, Matrix Partners, Polychain, SNZ Holding, and Web3.com Ventures. Additionally, other notable angel investors joining this round include DAO5 partner and first investor in Celestia, George Lambeth, and former Binance Labs executive director Ken Li.
Founded in August 2022, Cysic focuses on proprietary ASIC designs for real-time ZKP generation, providing enterprise-grade ZK computing power services to multiple ZK projects. The company plans to launch two hardware products: ZK Air and ZK Pro. ZK Air is about the size of a power bank or laptop charger and can be connected via Type-C to devices such as laptops, iPads, and even smartphones to accelerate ZKP computation. ZK Pro resembles traditional mining rigs and aims to maximize the speed of ZKP generation. Funds raised in this round will support Cysic’s global expansion, including hiring new talent and investing in hardware production.
