# Nexus Laboratories

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nexus-laboratories

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.nexus.xyz/
- Total disclosed funding: $27M
- Latest round: Series A (Jun 10, 2024)
- Investors on record: 7

## About

Based in California, US, Nexus Laboratories, Inc. operates as a developer of a general-purpose verifiable cloud that can hyper-scale Ethereum computation and storage. In June 2024, Nexus Laboratories, Inc. raised USD 25 million in Series A funding co-led by Lightspeed Venture Partners and Pantera Capital, with participation from investors Dragonfly Capital, Faction VC, and Blockchain Builders Fund.

The firm develops and offers a zero-knowledge virtual machine (zkVM) designed to prove any computation, thus advancing verifiable computing. The Nexus 1.0 features a modular, extensible, and open-source architecture, powered by research in science, mathematics, and engineering. It aims to run computations at high speeds, enabling efficient and mass proving. Nexus offers the Nexus Prover, Virtual Machine, Precompile System, Compiler, and Memory Checking Mechanism, each optimizing performance and security.

The company intends to use the June 2024 funding to enable verifiable computation using zero-knowledge cryptography.

## Funding rounds

- Series A, Jun 10, 2024, $25M — Lightspeed Venture Partners, Pantera Capital, Dragonfly Digital Management, Faction, Blockchain Builders Fund
- Seed, Dec 31, 2022, $2.2M — SV Angel, Alliance, Dragonfly Digital Management, Blockchain Builders Fund

## Investors

- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Seed
- Alliance (https://capitalatlas.ai/funds/alliance) — Seed
- Dragonfly Digital Management (https://capitalatlas.ai/funds/dragonfly-digital-management) — Seed, Series A
- Blockchain Builders Fund (https://capitalatlas.ai/funds/blockchain-builders-fund) — Seed, Series A
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series A
- Pantera Capital (https://capitalatlas.ai/funds/pantera-capital) — Series A
- Faction (https://capitalatlas.ai/funds/faction) — Series A