Risc Zero: Raises $12M in Seed Funding

Risc Zero Raises $12M in Seed Funding

• Risc Zero, a Seattle, WA-based provider of a scalable blockchain, raised $12M in Seed funding
• The company intends to use the funds to accelerate growth and expand its development efforts
• RiscZero provides a scalable blockchain using zero-knowledge proof technology along with their RISC-V zkVM
• The first open source product was released in March 2022 – the RISCZero zero-knowledge virtual machine (zkVM)
• The zkVM enables any program to run in a verifiable manner with no trusted authorities
• This is RiscZero’s second round, after a $2M pre-seed led by Geometry and Ramez Naam Ventures