PANews reported on September 17 that according to The Block, Fermah, a developer of the universal proof generation layer, announced the completion of a $5.2 million seed round of financing, led by a16z's CSX and venture capital firm Lemniscap, with participation from Bankless Ventures, Longhash Ventures, P-OPS team, Public Works, ZK Validator, Lambda Class, Daedalus, Zero DAO, Velocity Capital, Daemon Ventures, and angel investors including Balaji Srinivasan and Sandeep Nailwal. It is reported that Fermah will use the funds to strengthen its marketing, engineering and other departments and expand its product offerings.