According to PANews, crypto technology startup Lagrange, backed by Peter Thiel, has successfully raised $13 million in funding. The company is dedicated to developing advanced encryption solutions aimed at enhancing data security and privacy protection. In addition to the Founders Fund, Lagrange's seed round financing also included participation from Archetype Ventures, 1kx, Maven11, Fenbushi Capital, Volt Capital, CMT Digital, Mantle, and Ecosystem.
Lagrange uses its proprietary technology to provide a new type of encryption method. This method can offer a higher level of data protection for businesses and individual users without sacrificing performance. The funds raised will be used to further research and develop its encryption technology and expand its market influence.
