# Cysic

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cysic

- Industry: Software
- Headquarters: Jersey City, US
- Website: www.cysic.xyz/
- Total disclosed funding: $12M
- Latest round: Series A (May 24, 2024)
- Investors on record: 9

## About

Cysic focuses on advancing zero-knowledge proof computation within the technology sector. In May 2024, Cysic, Inc. raised USD 12 million in series A funding co-led by new investors HashKey Capital and OKX Ventures, with participation from new investors ABCDE Capital, Bit Digital, Coinswitch Ventures, IDG, Matrix Partners, Polychain, SNZ Holding, and Web3.com Ventures.

Cysic specializes in Zero-Knowledge Proof (ZKP) technology, offering high-performance hardware solutions designed to accelerate ZK proof generation. Its hardware include its first-generation ZK ASIC, the C1 chip, which significantly boosts proof generation speed, and its GPU-based acceleration solutions for optimized ZK performance. Cysic Network's offerings are designed to support various ZK proof systems such as Plonky2, Gnark, and Halo2, with products that provide computational support to both strong and weak hardware users. Participants in the protocol can contribute their resources and earn rewards from diverse ZK projects. Cysic’s solutions enable decentralized proof and verification networks, creating an efficient and scalable ZK ecosystem.

## Funding rounds

- Series A, May 24, 2024, $12M — Matrix Partners, Polychain Capital, HashKey Capital, SNZ Capital, OKX Ventures, Web3.com Ventures, Bit Digital, ABCDE Capital, Coinswitch Ventures

## Investors

- Matrix Partners (https://capitalatlas.ai/funds/matrix-partners) — Series A
- Polychain Capital (https://capitalatlas.ai/funds/polychain-capital) — Series A
- HashKey Capital (https://capitalatlas.ai/funds/hashkey-capital) — Series A
- SNZ Capital (https://capitalatlas.ai/funds/snz-capital) — Series A
- OKX Ventures (https://capitalatlas.ai/funds/okx-ventures) — Series A
- Web3.com Ventures (https://capitalatlas.ai/funds/web3-com-ventures) — Series A
- Bit Digital — Series A
- ABCDE Capital — Series A
- Coinswitch Ventures (https://capitalatlas.ai/funds/coinswitch-ventures) — Series A