Lagrange Labs Raises $13.2M to Advance Blockchain Computation

Lagrange Labs Raises $13.2M in Seed Funding

Lagrange Labs Raises $13.2M in Seed Funding

Key Highlights:

  • Seed Funding: Lagrange Labs, a company specializing in scaling blockchain computation, raised $13.2M in a seed funding round.
  • Investors: The round was led by Founders Fund, with participation from Archetype Ventures, 1kx, Maven11, Fenbushi Capital, Volt Capital, CMT Digital, Mantle Ecosystem Fund, and various angels.
  • Focus: The funding will be used to accelerate research and development efforts, refining Lagrange Labs' ZK Coprocessing platform and expanding its application across the blockchain ecosystem.

Lagrange Labs' Target Market

  • Blockchain Industry: Targeting companies and organizations in the blockchain space that require scalable and efficient computation solutions.
  • Cross-Chain Interoperability: Enabling innovations in cross-chain interoperability and applications that involve complex computations over big data.
  • Decentralized Applications (dApps): Providing solutions for dApps that require handling large datasets and executing computations off-chain.

What Lagrange Labs Needs to Buy

  • Research and Development Partnerships: Collaborating with research institutions and blockchain experts to further enhance their ZK Coprocessing platform.
  • Blockchain Integration Services: Partnering with blockchain companies to integrate Lagrange Labs' solutions into existing blockchain ecosystems.
  • Marketing and Business Development: Engaging with marketing agencies and business development experts to promote Lagrange Labs' solutions and expand their customer base.

Sorted raises £1.65M in Seed Funding for Recycling Tech

Summary: Sorted, a recycling tech startup based in the UK, recently secured £1.65M in seed funding to revolutionize waste management and recycling. Their AI-powered sorting solutions aim to improve the efficiency of recycling processes and contribute to a more sustainable future.

Funding Amount: £1.65 million

Industry: Software Development

Employee Count: 51-200

CEO: Carmen Carey (CEO Linkedin)

What Sorted needs to buy: Sorted is seeking partnerships with waste management companies, recycling industry leaders, and environmental organizations. Companies specializing in AI technology, sustainability solutions, and waste management systems are ideal partners to support Sorted's expansion plans and drive innovation in the recycling industry.