WEB3 infrastructure company SUCCINCT has completed a $55 million financing round, led by PARADIGM. This round of financing also attracted participation from multiple investment institutions such as ROBOT VENTURES, BANKLESS VENTURES, GEOMETRY, and ZK VALIDATOR, as well as individual investments from SREERAM KANNAN from EIGENLAYER, SANDEEP NAILWAL and DANIEL LUBAROV from POLYGON, and ELAD GIL. SUCCINCT focuses on developing high-performance general-purpose ZK (Zero-Knowledge Proof) technology. Its PROVER NETWORK and SP1 products aim to simplify the deployment and use of ZK technology without the need for complex infrastructure.

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<p>News from TechFlow, a Web3 infrastructure company, Succinct, announced the completion of a $55 million financing round with lead investment from Paradigm. Other investors include Robot Ventures, Bankless Ventures, Geometry, ZK Validator, Sreeram Kannan from Eigenlayer, Sandeep Nailwal and Daniel Lubarov from Polygon, and Elad Gil.</p>
<p>Reportedly, Succinct's Prover Network and SP1 enable high-performance universal ZK deployment without complex infrastructure. Succinct Prover Network is a hosted infrastructure layer that allows any application to outsource proof generation for open-source proof systems.</p>
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Web3 infrastructure company SUCCINCT completes $55 million financing, led by PARADIGM.