Zeko Labs Secures $3 Million in Pre-Seed Funding to Develop Zeko Protocol
In a major milestone for the blockchain industry, Zeko Labs has successfully raised $3 million in a pre-seed funding round. The investment, led by UOB Venture Management, Signum Capital, and YBB Capital, will be instrumental in accelerating the development of the Zeko Protocol, a cutting-edge cross-chain zero-knowledge scaling protocol.
Collaborating with o1Labs and Mina Foundation, Zeko Labs aims to empower developers with advanced zero-knowledge proof capabilities through the Zeko Protocol. This technology is set to revolutionize sectors such as finance, AI, gaming, and the broader internet by enabling the creation of both Ethereum Virtual Machine (EVM) and non-EVM applications.
Evan Kereiakes, CEO of Zeko Labs, expressed his excitement about the funding, stating, “With this funding, we are well-positioned to accelerate the development of the Zeko Protocol and to inspire more developers to push the boundaries of what is possible with blockchain technology.”
The funding round also saw participation from a consortium of early-stage investors, highlighting the industry’s recognition of Zeko Labs’ potential to reshape the future of decentralized applications. These investors include Autonomy Capital, Cogitent Ventures, GBV, and many others.
At the core of the Zeko Protocol are zero-knowledge applications (zkApps), which offer end-user privacy and recursive proof aggregation. These zkApps pave the way for transparent, decentralized services across various sectors, promising a new era of innovation in blockchain technology.
By focusing on scalability, data security, and interoperability, the Zeko Protocol aims to empower individuals globally while making it easier for developers and enterprises to enter the blockchain space. The newly secured funding will be used to expand Zeko Labs’ team, accelerate product development, nurture the developer community, and establish strategic partnerships within the blockchain and traditional software sectors.
Ambitious developers and forward-thinking institutions are encouraged to explore the recently released MVP of the Zeko Protocol and start building the next generation of zkApps that will redefine our way of life. Stay tuned for more updates on Zeko Labs and their groundbreaking work in the blockchain industry.
