Zero-knowledge privacy platform Nexus Labs completes $25 million Series A financing, led by Lightspeed Venture Partners and others

BlockBeats reported that on June 10, zero-knowledge privacy platform Nexus Labs completed a $25 million Series A financing round led by Lightspeed Venture Partners and Pantera Capital. The financing also attracted participation from Dragonfly Capital, Faction Ventures, and Blockchain Builders Fund.

Nexus plans to use the new funds to expand its engineering team and develop more products. As the company continues to "collaborate with the scientific community," the funds will also be used to support early users in production deployment. Nexus is building a series of zero-knowledge privacy tools to support technologies such as artificial intelligence, network security, cloud computing, and privacy-enhancing technologies.