Zeko Labs, a blockchain startup focused on zero-knowledge technology, has secured $3 million in pre-seed funding from investors, announcing the success of its funding round. The funds will be used to develop the Zeko Protocol, a cross-chain scaling solution that aims to help the growth of software in industries such as financial services, AI, and internet specialization.
The funding round was led by UOB Venture Management, Signum Capital, and YBB Capital, with a number of other investors, including Autonomy Capital, Cogitent Ventures, and GBV, participating.
The primary vision of Zeko Labs is to provide developers with a simplified approach to using advanced zero-knowledge proofs in their projects. The Zeko Protocol, in partnership with Mina Foundation and o1Labs, aims to deliver scalability, data security, and interoperability between different services and platforms. This will empower users to take control of their assets.
“We are thrilled to announce the completion of our funding round, which marks a significant milestone in our journey to realize the vision of the Zeko Protocol. This support from our investors underscores their confidence in our team and the transformative potential of Zeko. With this funding, we are well-positioned to accelerate the development of the Zeko Protocol and to inspire more developers to push the boundaries of what is possible with blockchain technology,” said Evan Kereiakes, CEO of Zeko Labs.
The funds will be used to develop the Zeko Labs team, speed up product development, scale up the developer community, and forge partnerships. Additionally, Zeko Labs has already released an MVP, allowing developers to build initial applications on the available technology.
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