# Ulvetanna

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

- Industry: Hardware
- Headquarters: San Francisco, US
- Website: www.ulvetanna.io
- Total disclosed funding: $15M
- Latest round: Seed (Jan 19, 2023)
- Investors on record: 3

## About

Based in California, US, and founded in 2022, Ulvetanna, Inc., a.k.a. Ulvetanna operates as a zero-knowledge-proof (ZKP) hardware company that develops a hardware acceleration platform for cryptographers’ of the next-gen blockchain sector. In January 2023, Ulvetanna, Inc. raised USD 15 million in seed funding co-led by Bain Capital Ventures, and Paradigm, with participation from Jump Crypto. The seed funding values Ulvetanna, Inc. at USD 55 million post-money.

The company provides an enterprise-grade zero-knowledge proof acceleration platform to enhance the zero-knowledge succinct proofs (ZKPs) by supporting web3 networks with proof generation. The processing of the platform includes modular arithmetic and other cryptographic operations, large datasets kept in memory, and complex data dependencies. In addition, Ulvetanna is co-designing hardware and software stacks from cryptographic algorithms to data center topology.

## Funding rounds

- Seed, Jan 19, 2023, $15M — Bain Capital, Paradigm, Jump Crypto

## Investors

- Bain Capital (https://capitalatlas.ai/funds/bain-capital) — Seed
- Paradigm (https://capitalatlas.ai/funds/paradigm) — Seed
- Jump Crypto — Seed