Zero-knowledge cryptography firm Nexus Labs secures $25 million in Series A funding, co-led by Lightspeed Venture Partners and Pantera Capital. Other participants include Dragonfly, Faction, and Blockchain Builders Fund. The funding aims to accelerate the development of Nexus 1.0, a modular zkVM designed for performance and security. Nexus aims to enable verifiable computation in applications through zero-knowledge proofs, offloading computational work and aiming to scale to 1 trillion Hertz of compute.
