According to TechFlow, ZK technology verification company Pi Squared 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. In addition, angel investors such as Justin Drake of the Ethereum Foundation and Sreeram Kanaan, founder of EigenLayer, also participated in the investment. Pi Squared is led by Grigore Rosu, professor of computer science at the University of Illinois at Urbana-Champaign. The company plans to use the new funds to expand its products, including the 'Universal Settlement Layer' and 'Universal Zero-Knowledge Circuit', the latter of which will enable trustless remote computing, AI, and interoperable smart contracts for blockchains or dApps. The project is expected to enter the testnet stage by the end of 2024.