Zeko Labs, a blockchain company based in San Francisco, has announced the successful completion of a $3 million pre-seed funding round.
TLDR
Zeko Labs raised $3 million in a pre-seed funding round led by UOB Venture Management, Signum Capital, and YBB Capital.
The funding will accelerate the development and deployment of the Zeko Protocol, a cross-chain zero-knowledge scaling protocol built on Mina.
Zeko Protocol aims to revolutionize the software development landscape by making advanced zero-knowledge proof capabilities accessible to developers.
The newly secured funding will be used to expand the team, accelerate product development, grow the developer community, and foster strategic partnerships.
Developers and institutions are invited to begin using the recently released MVP and build the next generation of zk-applications.
The investment, led by UOB Venture Management, Signum Capital, and YBB Capital, with additional backing from a consortium of early-stage investors, will propel the development and deployment of the Zeko Protocol, a cross-chain zero-knowledge scaling protocol built on Mina.
The Zeko Protocol is designed to empower the next generation of applications across finance, AI, gaming, and the internet by placing advanced zero-knowledge proof capabilities into the hands of developers.
By focusing on scalability, data security, and interoperability, the protocol aims to revolutionize the software development landscape and massively expand the design space for both EVM and non-EVM applications.
Built in collaboration with o1Labs and Mina Foundation, the Zeko Protocol will enable the creation of zero-knowledge applications (zkApps) that support end-user privacy and recursive proof aggregation.
These zkApps form the foundation for a wide range of open, transparent, and decentralized services across various sectors, empowering individuals worldwide with greater control over their assets and identity while minimizing barriers to entry for developers and enterprises.
Evan Kereiakes, CEO of Zeko Labs, expressed his enthusiasm about the successful funding round, stating that it marks a significant milestone in the company’s journey to realize the vision of the Zeko Protocol.
He emphasized that the support from investors underscores their confidence in the team and the transformative potential of Zeko, positioning the company well to accelerate the development of the protocol and inspire more developers to push the boundaries of blockchain technology.
The newly secured funding will be utilized to expand the Zeko Labs team, accelerate product development, grow the developer community, and foster strategic partnerships within both the blockchain and traditional software sectors.
This multi-faceted approach will ensure that the Zeko Protocol is well-positioned to deliver on its promise of revolutionizing the software development landscape and empowering individuals and businesses alike.
Ambitious developers and forward-thinking institutions are invited to begin using the recently released MVP and start building the next generation of inspired zk-applications that have the potential to transform our way of life.
By leveraging the power of zero-knowledge technology, these applications can unlock new possibilities for privacy, security, and efficiency across a wide range of industries.
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