According to Foresight News, Pi Squared, a company dedicated to achieving verifiable computing through the use of zero-knowledge technology, has completed a $12.5 million seed round of financing, led by Polychain Capital, with participation from ABCDE, Bloccelerate, Generative Ventures, Robot Ventures and Samsung Next, as well as angel investors including Justin Drake of the Ethereum Foundation and Sreeram Kanaan, founder of EigenLayer.
Pi Squared is led by Grigore Rosu, a computer science professor at the University of Illinois at Urbana-Champaign. Its first product is a "universal settlement layer" that can settle blockchain transactions in any programming language. The project is expected to enter the testnet stage by the end of 2024.
