Nexus Closes $25M Series A

Nexus, a San Francisco, CA-based zero-knowledge cryptography company, raised $25M in Series A funding.

The round, which brought the total amount to $27.2M, was co-led by Lightspeed Venture Partners and Pantera Capital, with participation from Dragonfly Capital, Faction Ventures, and Blockchain Builders Fund.

The company intends to use the funds to accelerate its go-to-market efforts and expand its engineering team.

Led by CEO and Founder Daniel Marin, Nexus is a company at the forefront of scientific breakthroughs in verifiable computation. It is building the infrastructure for a verifiable ecosystem with its core technology, the Nexus Zero Knowledge Machine, an open source virtual machine system capable of generating proofs for any computation.

Nexus’ initial $2.2M seed funding was led by Dragonfly in late 2022, and included Alliance, SV Angel, and Blockchain Builders Fund.

Commenting on the news, Daniel Marin said: “We want to bring to market an entirely new form of computation – verifiable computation. We believe this is a fundamental step for humanity, as was the advent of the Internet, cloud computing and AI. Our goal is to make zero-knowledge proofs accessible to any developer, and drive the cost of zero-knowledge proofs down by orders of magnitude.”