Fermah Raises $5.2 Million in Seed Funding to Build a ZK Proof Generation Layer

Fermah, a developer of a universal proof generation layer, has secured $5.2 million in seed funding led by a16z Crypto Startup Accelerator (CSX) Fund and Lemniscap. Other investors include Bankless Ventures, Longhash Ventures, P-OPS team, Public Works, ZK Validator, Lambda Class, Daedalus, Zero DAO, Velocity Capital, Daemon Ventures, and prominent individuals like Balaji Srinivasan and Sandeep Nailwal.

The funding will be used to bolster team building across marketing, engineering, and other departments, and expand product offerings.

Fermah aims to tackle challenges associated with zero-knowledge (ZK) proofs by acting as a ZK proof generation marketplace. It leverages affordable and reliable infrastructure to create proofs for ZK rollups, ZK cross-chain bridges, and other use cases.