Irreducible closes $24M Series A
We are thrilled to announce our $24 million Series A funding round, co-led by Paradigm and Bain Capital Crypto, with support from Fenbushi Capital, L2 Iterative Ventures, Robot Ventures, and key angel investors like Anna Rose, Brendan Farmer, Daniel Lubarov, Sina Habibian, and Varun Srinivasan.
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This investment propels Irreducible's mission to build the foundational infrastructure of the verifiable Internet. We and our investors foresee a future Internet where all transactions, identities, and content are cryptographically verified. Our focus is on creating the fastest, most efficient solutions for cryptographic proving. Binius, our flagship proof system based on our research into Towers of Binary Fields, delivers unmatched performance as a result of software and hardware co-design. This funding will support Binius's continued growth towards becoming the top choice for protocol developers and a new industry standard.
We also now run our own data centers equipped with custom FPGA-based servers. This unique infrastructure ensures unparalleled efficiency and reliability, enabling Binius to achieve exceptional scale and performance. And we’re thrilled to bring this groundbreaking technology to Risc Zero, Polygon, and more partners in the future to power some of the soon-to-be most used zkVMs in the industry.
To build the best products, we first must build the best team. We’re honored to have exceptional product builders, who are inspired by our vision of a better Internet — and from engineers to researchers, our team is growing.