Zero-knowledge (ZK) hardware acceleration startup Cysic raises $12 million in Pre-Series A funding to advance the ZK revolution

1. Cysic has completed a $12 million Pre-A round of financing, led by Hashkey Capital and OKX Ventures.
2. Other well-known investment institutions participating in this round of financing include ABCDE, Bit Digital, Coinswitch, IDG, Matrix Partners, Polychain, SNZ Holding, Web3.com Ventures, etc.
3. Cysic was founded in August 2022 and is committed to providing real-time zero-knowledge proof (ZKP) generation to solve the biggest obstacle to the current application of ZK technology-the slow speed of CPU generating ZKP.
4. Cysic has excelled in ASIC design and CPU engineering, and has provided enterprise-level ZK computing power services for multiple ZK projects.
5. The funds raised in this round of financing will be used to promote Cysic's global expansion, including recruiting new employees and investing in hardware production.