According to Foresight News, ZK proof startup Succinct Labs announced the launch of the SP1 testnet. The SP1 testnet implements high-performance STARK recursion and EVM on-chain verification, supporting the ability to quickly generate end-to-end ZK proofs and perform on-chain verification on any EVM-compatible chain.
In March 2024, Succinct Labs completed a new round of financing of US$55 million, led by Paradigm, with participation from Robot Ventures, Bankless Ventures, Geometry, ZK Validator, Polygon co-founders Sandeep Nailwal and Daniel Lubarov, and EigenLayer founder Sreeram Kannan.
