According to ChainCatcher, according to NFTGATORS, Web3 startup Nexus Labs has completed a $25 million Series A financing, led by Lightspeed Venture Partners and Pantera Capital, with participation from Dragonfly Capital, Faction Ventures and Blockchain Builders Fund. Nexus plans to use the new funds to expand the team and develop more products.

It is reported that Nexus Labs is committed to building zero-knowledge privacy tools and supporting technologies such as artificial intelligence, network security and cloud computing.