TechFlow news, January 31 — According to The Block, Irreducible, a zero-knowledge proof (ZKP) infrastructure startup formerly known as Ulvetanna, has announced the completion of a $24 million Series A funding round. The round was co-led by Paradigm and Bain Capital Crypto, with participation from Fenbushi Capital, L2 Iterative Ventures, and Robot Ventures.
The company focuses on providing ZKP generation services through FPGA chips. It has already launched an alpha version of its Binius system, which leverages "binary field towers" instead of "prime fields" to improve hardware efficiency. Based in Berlin, Irreducible currently has 25 employees and plans to double its team size over the next two to three years.
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