insight detail
Wilson Sonsini Advises Lagrange Labs on $13.2 Million Seed Round
- 05/09/24
- Client Highlights
- Blockchain and Cryptocurrency
On May 8, 2024, Lagrange Labs announced a $13.2 million Seed Round, led by Founders Fund, with participation from Archetype Ventures, 1kx, Maven11, Fenbushi Capital, Volt Capital, CMT Digital, and Mantle Ecosystem Fund, in addition to various friends, supporters, partners, and angels. Lagrange Labs is the creator and distributor of a new Zero-Knowledge Coprocessing protocol that enables verifiable computations at big data scale across various blockchains. Its unique ZK Coprocessing approach involves a decentralized network of nodes that execute computations off-chain and generate ZK proofs of the results to submit on-chain, in a hyper-parallel manner, thereby unlocking significant efficiency and cost gains. By providing hyper-scalable proving, Lagrange opens the door for innovations in cross-chain interoperability and applications requiring complex computations over big data.
Wilson Sonsini Goodrich & Rosati represented Lagrange Labs in the transaction. The Wilson Sonsini team includes Mark Baudler, Jonathan Chan, Adam Shevell, Angela Loc, Amaan Shaikh, and Michael Anthony.
For more information, please see Lagrange's blog post.