Cryptocurrency startup Lagrange Labs has completed a $13.2 million financing round, led by Founders Fund.

ChainCatcher news, according to Coindesk, the crypto startup Lagrange Labs has completed a $13.2 million funding round, led by Peter Thiel's Founders Fund, with participation from Archetype Ventures, 1kx, Maven11, Fenbushi Capital, Volt Capital, CMT Digital, Mantle, and Ecosystem.

According to the Web3 asset data platform RootData, Lagrange is a zero-knowledge co-processing protocol that supports verifiable computation at a big data scale across various blockchains. Its unique ZK co-processing approach involves a decentralized network of nodes that perform computations off-chain and generate ZK proofs of the results in a highly parallel manner for on-chain submission, thereby unlocking significant efficiency and cost benefits. By providing ultra-scalable proofs, Lagrange opens the door to innovation for cross-chain interoperability and applications requiring complex big data computations.