According to Foresight News , Fermah, a developer of the universal proof generation layer, has completed a $5.2 million seed round of financing, led by a16z Crypto Startup Accelerator (CSX) Fund and Lemniscap, with participation from Bankless Ventures, Longhash Ventures, P-OPS Team, Public Works, ZK Validator, Lambda Class, Daedalus, Zero DAO, Velocity Capital, Daemon Ventures, and Balaji Srinivasan, Sandeep Nailwal, etc. The funds raised will be used to strengthen team building in marketing, engineering and other departments, and expand product offerings.
Fermah aims to solve problems associated with zero-knowledge (ZK) proofs by acting as a ZK proof generation marketplace, leveraging affordable and reliable infrastructure to create proofs for ZK Rollups, ZK cross-chain, and other use cases.
