BlockBeats News, January 31, according to The Block, ZKP infrastructure startup Irreducible (formerly known as Ulvetanna) has completed a $24 million Series A funding round. The round was led by Paradigm and Bain Capital Crypto, with participation from Fenbushi Capital, L2 Iterative Ventures, and Robot Ventures.
Irreducible Co-founder and CEO Radisav Cojbasic stated that Irreducible began fundraising in August last year, confirmed the lead investors in September, and closed the funding last month. The latest Series A funding round was structured as an equity financing, but he declined to comment on the post-investment valuation.