Zero-Knowledge Startup Lagrange Labs Raises $4M to Tackle Blockchain Interoperability

Zero-knowledge startup Lagrange Labs on Thursday announced a $4 million pre-seed funding round to scale its proprietary zero-knowledge secure system.

The round, led by 1xincluding Stomach11, Grid fund, CMT Digitaland Daedalus Angelsamong others.

The company, in an email to Benzinga, said the firm aims to solve the long-standing problem of blockchain interoperability, allowing developers to build decentralized applications (dApps) that can access multiple blockchains simultaneously.

“Modern DeFi applications require more sophisticated relationships between data on different blockchains, and we are excited to see how our technology can unlock new multi-chain DeFi primitives,” said Ismael Hishon-Rezaizadehfounder and CEO of Lagrange Labs.

Zero-knowledge secure technology is emerging as a viable solution to scalability issues in the Ethereum ecosystem.

Zero-knowledge secure technology is increasingly recognized as an effective strategy to address the challenges of scalability in the Ethereum ecosystem.

However, Lagrange Labs is using this technology to solve the pressing problem of interoperability.

While cross-chain communication required a bridge or intermediary to relay information, leading to potential security vulnerabilities, Lagrange allows blockchains to bypass the need for intermediaries.

This will provide dApps with real-time and historical data across different Layer 1 and Layer 2 networks.

“Our unique type of n-to-1 chain interoperability is a paradigm shift that opens up new cross-chain DeFi use cases,” added Hishon-Rezaizadeh.

Also read: Tether’s Bitcoin Buying Spree: Risky Business or Genius Strategy?

Charalampos (Babis) Papamanthou, Co-director of the Applied Cryptography Lab at Yale University, has joined Lagrange Labs as Chief Scientist, bringing years of research into verifiable and privacy-preserving computations to the table.

The funding will allow Lagrange Labs to accelerate research into its zero-knowledge secure system, with potential applications ranging from DeFi to decentralized identity, on-chain GameFi and cross-chain governance.

“Proving arbitrary amounts of any state on any chain is a powerful concept that will empower developers to build new, secure, on-chain applications. Lagrange is at the forefront of this research, and we’re excited to support the team as they bring this new primitive to the market,” said Lasse Clausenfounder of 1kx.

The startup is expected to unveil its ZK-secure system in the summer of 2023, with the Test Network set to follow.

Read next: Binance loses 15% market share – but the company is doing just fine

Photo: Shutterstock