According to BlockBeats, Nexus Labs, a zero-knowledge privacy platform, has successfully raised $25 million in a Series A funding round. The round was led by Lightspeed Venture Partners and Pantera Capital, with participation from Dragonfly Capital, Faction Ventures, and Blockchain Builders Fund.
The newly acquired funds will be used by Nexus Labs to expand its engineering team and develop more products. As the company continues its collaboration with the scientific community, the funds will also support early users in production deployment. Nexus Labs is currently developing a range of zero-knowledge privacy tools to support technologies such as artificial intelligence, cybersecurity, cloud computing, and privacy-enhancing technologies.