1/7 We’re delighted to have co-led the $5.2 million seed round for universal proof generation layer @fermah, alongside @a16zcrypto

We back bold entrepreneurs building the next internet. 
a16zcrypto.com/

Fermah is the universal proof generation layer



pixel art and open source enthusiast; prev co-founder @gitcoin

Early-stage fund empowering pioneers to explore the frontier of web 3 and go #bankless. 

Contact: invest@bankless.ventur

Staking services and #web3 #defi investment fund. Stake with us $ONE $GRT $AVAX $SOL $AZERO $CQT $AXL $BLD $UMEE 

Web3 angel collective. Founders backing founders

Lemniscap is an investment firm specialising in investments in emerging cryptoassets and blockchain startups.

2/7 The round also included participation from @banklessvc, LongHash Ventures, @popsteam1, @publicworks, ZK Validator, Lambda Class, @daedalus-angels, Zero DAO, Velocity Capital, & Daemon Ventures, as well as a range of top angels.

4/7 Fermah was founded by Vanishree Rao, a highly accomplished cryptographer who has been actively designing & building ZKPs for the past 15 years, having also worked on one of the earliest & most innovative ZK protocols, @minaprotocol.

5/7 Vanishree has extensive experience working with a range of intricate cryptographic primitives, & is assembling a best-in-class team of domain experts, aligned on a mission to make ZKP generation cheaper, faster & more reliable.

6/7 ZKPs are one of the core focus areas for our recently launched fund, & we are thrilled to be supporting Vanishree Rao & the @fermah team in igniting a surge in innovative ZK applications.

7/7 Check out the full announcement in @theblock:

7/7 Check out the full announcement in @theblock: https://www.theblock.co/post/316695/a16z-csx-fund-and-lemniscap-lead-5-2-million-seed-round-for-fermah

3/7 Functioning as an efficient marketplace for ZKP generation, Fermah can generate proofs for any instance in which ZK is used, enabling more developers to integrate these advanced cryptographic techniques into their systems.