Zero-Knowledge Proof Startup Zcloak Network Raises $5.8 Million

Jun 17,2022
KingData News: Startup zCloak Network, which provides zero-knowledge proofs for public blockchains, raised $5.8 million in a pre-Series A round. Investors: While there was no lead investor, Coinbase Ventures was a major participant, according to a news release. Participating investors included Bixin Ventures, Matrixport Ventures, DFG, Sancus Ventures, KuCoin Ventures, Sanctor Capital, Hash Global and Jump Capital among others. The valuation was not disclosed. Project Info: The startup sees itself as a zero-knowledge proof-as-a-service company for public blockchains. Zero-knowledge proofs are a cryptographic method of authentication where one party can prove the truth of specific information to another party without disclosing additional information. (The Block)
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