Zircuit Raises Mainnet Funding Round with Support from Prominent Investors – George Town, Cayman Islands, July 22nd, 2024
Zircuit Raises Mainnet Funding Round with Support from Major Investors
In a groundbreaking development for the blockchain industry, Zircuit, a fully EVM-compatible ZK rollup with AI-enabled sequencer level security, has announced a successful Mainnet funding round. The round saw participation from top-tier investors including Binance Labs, Mirana Ventures, Amber Group, Selini, Robot Ventures, Nomad Capital, Borderless Capital, and prominent angel investors from leading projects in the space.
With this new funding, Zircuit is poised to accelerate ecosystem growth and activity on its network, leveraging its strong technical foundation and over $2.9 billion in staked assets. Since 2022, the Zircuit team has been working tirelessly to build a revolutionary L2 network that redefines onchain security. By introducing sequencer-level security and AI techniques to protect dApps and users from vulnerabilities, Zircuit offers a secure, fast, and cost-effective solution without compromising compatibility.
The team’s innovative approach has attracted the attention of industry leaders like Binance Labs, who see Zircuit as a key player in advancing Web3 technologies. Erick Zhang, Managing Partner of Nomad Capital, praised Zircuit’s best-in-class security architecture and clear growth strategy, highlighting the explosive growth in assets locked since the network’s launch.
Martin Derka, co-founder of Zircuit, expressed pride in the team’s accomplishments and emphasized the importance of providing secure infrastructure to support the mainstream adoption of Web3 technologies. With the support of key investors, Zircuit is gearing up for the launch of its Mainnet Phase 1 in the coming weeks.
To learn more about Zircuit and its innovative solutions, users can visit zircuit.com or explore the developer docs at docs.zircuit.com. Additionally, users can participate in Build to Earn and Zircuit Staking programs to engage with the platform and earn rewards.
Zircuit’s unique architecture, developed by a team of web3 security veterans and experts in computer science, algorithms, and cryptography, positions it as a leader in the industry. As the project continues to evolve and expand, Zircuit aims to establish itself as a cornerstone in the blockchain ecosystem, driving forward the adoption of secure and scalable technologies.
For media inquiries or further information, please contact Jessica at jessica@zircuit.com.