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I am very excited to see the explosive growth of posts about @SuccinctLabs on Twitter. As a loyal supporter who has followed Succinct for more than two years, it feels like watching a child you raised finally succeed! 😋 I believe Succinct meets the "Three Bulls and One Heavy" principle (meaning it has a strong background, excellent technology, effective marketing, and values the community), which indicates great reward potential! Strong background: $55 million in funding from top-tier institutions.
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Succinct starts off standing on the shoulders of giants. In 2024, it completed seed and Series A funding rounds totaling up to $55 million, led by Paradigm, one of the most prestigious investment firms in the blockchain space. This VC has a keen eye for promising projects, having previously backed industry giants like Uniswap and Optimism. In addition to Paradigm, Succinct has attracted well-known funds such as Robot Ventures, Bankless Ventures, Geometry, and ZK Validator, along with heavyweight angel investors like Sreeram Kannan from Eigenlayer and Sandeep Nailwal and Daniel Lubarov from Polygon. This impressive lineup not only brings funding but also provides Succinct with unparalleled resources and network support. Such a background is enough to prove its top-tier status in the ZK infrastructure field.
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