Fermah, a developer of a universal proof generation layer, has successfully raised $5.2 million in a seed funding round. The round was co-led by the a16z Crypto Startup Accelerator (CSX) fund and venture capital firm Lemniscap, with additional support from a variety of investors including Bankless Ventures, Longhash Ventures, and notable angel investors like Balaji Srinivasan. Fermah plans to use the funds to expand its team and enhance its product offerings, focusing on the marketplace for zero-knowledge (ZK) proof generation. Fermah's CEO, Vanishree Rao, highlighted the potential for a boom in ZK applications, indicating a significant development phase for the company.

The universal proof generation layer developer Fermah raised $5.2 million in seed funding.The a16z Crypto Startup Accelerator (CSX) fund and venture capital firm Lemniscap co-led the round, which saw additional support from Bankless Ventures, Longhash Ventures, P-OPS team, Public Works, ZK Validator, Lambda Class, Daedalus, Zero DAO, Velocity Capital, Daemon Ventures and angel investors including Balaji Srinivasan, Sandeep Nailwal and others.Fermah aims to tackle issues related to zero-knowledge (ZK) proofs by acting as a marketplace for ZK proof generation, creating proofs for ZK rollups, ZK bridges and other use cases using affordable and reliable infrastructure, according to a release shared with The Block. Fermah will use the funds to bolster its team across marketing, engineering and other departments, as well as build out its product offering."After over 15 years of building ZKPs, I can clearly see that we are approaching an inflection point: the infrastructure is finally in place, and we’re on the precipice of a boom in innovative ZK applications. Fermah will play an integral role in this boom," said Fermah CEO Vanishree Rao in a statement.

Fermah Raises $5.2 Million in Seed Funding Led by a16z CSX Fund and Lemniscap