Brevis, a leading platform for smart verifiable computing, has raised $7.5 million in a seed round to further the development of off-chain verifiable computation within the blockchain ecosystem. The funding round, announced on November 11, was led by Polychain Capital and Binance Labs.
The company plans to utilize the new capital to expand its research and development team, which will focus on enhancing off-chain verifiable computing capabilities and strengthening the platform’s decentralized prover network. Brevis aims to drive the adoption of its zero-knowledge (ZK) data coprocessor, a key technology that allows smart contracts to process and access on-chain data efficiently, including transactions and states.
Brevis enables decentralized applications (dApps) to scale blockchains, such as Ethereum, without facing challenges like liquidity issues or state fragmentation. By offloading computationally intensive tasks to an off-chain network, Brevis helps reduce costs, while generating a ZK proof that can be verified on-chain with minimal expense.
The platform’s ZK coprocessor empowers developers to build data-driven dApps without needing to navigate the complexities of cryptographic or mathematical calculations. This simplifies the development process and accelerates blockchain scalability.
Polychain Capital’s Olaf Carlson-Wee praised Brevis for its innovative approach to integrating ZK proofs, which facilitate complex computations in a trust-free manner, enhancing blockchain infrastructure. Brevis has already attracted interest from prominent platforms such as Kwenta, PancakeSwap, Frax, and Mask Network, which are considering or have integrated Brevis-powered features.
In addition to Polychain Capital and Binance Labs, Brevis’s seed round saw participation from other venture firms, including IOSG, Nomad Capital, HashKey, and Bankless Ventures, alongside several angel investors.
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