# Horizen Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/horizen-labs

- Industry: Software
- Headquarters: Austin, US
- Website: www.horizenlabs.io
- Total disclosed funding: $11M
- Latest round: Seed (Aug 10, 2021)
- Investors on record: 8

## About

Horizen Labs, Inc. focuses on developing advanced cryptographic solutions utilizing zero-knowledge proofs to enhance privacy and scalability in Web3 applications, primarily serving the blockchain and gaming sectors.Founded in 2019 and headquartered in Austin, US, Horizen Labs, Inc. specializes in pioneering cryptographic technologies. Robert Viglione serves as both the CEO and founder, who has a background in previous ventures related to blockchain technology. The company has completed a total of 2 deals with its most recent deal occurring on August 10, 2021, when it raised USD 7.000 mn in a SEED funding round led by Kenetic Capital with several other investors participating. This funding round accounts for the total amount raised by the company.Horizen Labs specializes in the development of cutting-edge cryptographic solutions focused on zero-knowledge (ZK) proofs, which enhance privacy and scalability within Web3 applications. The company's core offerings include advanced hash functions, such as Monolith and Poseidon2, optimized for performance in zero-knowledge environments. These products aim to address critical bottlenecks in modern proving systems, targeting developers and companies within blockchain and gaming sectors for secure integration of cryptographic protocols. Horizen Labs serves a diverse clientele across North America, Europe, and Asia, including blockchain developers and gaming enterprises.Horizen Labs generates revenue primarily through partnerships and direct engagements within the blockchain ecosystem. The business model includes subscription-based services, allowing clients to access advanced cryptographic tools and support. Typical clients, including game developers and enterprise blockchain solution providers, engage Horizen Labs to integrate ZK proof technologies, enhancing their platforms' privacy and scalability. The flagship products Monolith and Poseidon2 are typically bundled into service packages tailored to client needs, promoting continuous engagement and recurring revenue streams.Horizen Labs, Inc. plans to leverage recent funding from its August 2021 SEED round, which raised USD 7.000 mn, to further evolve its developer tools and support for businesses establishing their own blockchains and decentralized applications (dapps). The company aims to expand its product offerings and is actively pursuing new markets to enhance its global presence. Specific geographical markets and regions targeted for expansion include increased penetration into Asia and Europe by 2023.

## Funding rounds

- Seed, Aug 10, 2021, $7M — Liberty City Ventures, Digital Currency Group, Sound Ventures, LionTree, Kenetic Capital, Artist Capital Management, Deus, Deribit
- Seed, Apr 11, 2019, $4M — Liberty City Ventures, Digital Currency Group

## Investors

- Liberty City Ventures (https://capitalatlas.ai/funds/liberty-city-ventures) — Seed
- Digital Currency Group (https://capitalatlas.ai/funds/digital-currency-group) — Seed
- Sound Ventures (https://capitalatlas.ai/funds/sound-ventures) — Seed
- LionTree (https://capitalatlas.ai/funds/liontree) — Seed
- Kenetic Capital (https://capitalatlas.ai/funds/kenetic-capital) — Seed
- Artist Capital Management (https://capitalatlas.ai/funds/artist-capital-management) — Seed
- Deus — Seed
- Deribit — Seed