# zCloak Network

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/zcloak-network

- Industry: Software
- Headquarters: Isle of Man
- Website: www.zcloak.network
- Total disclosed funding: $7.1M
- Latest round: Series A (Jun 17, 2022)
- Investors on record: 13

## About

Founded in 2021 and based in Douglas, Isle of Man, zCloak Network provides a privacy-driven computing system on the Polkadot network where users can analyze their data on a decentralized device. In June 2022, zCloak Network raised USD 5.8 million in series A funding led by new investor Coinbase Ventures, with participation from other new investors Hash Global, Sancus Capital, KuCoin Ventures, Matrixport, and Brixin Ventures. Returning investor Digital Finance Group and other investors also participated in the round.

The company operates as a computing system on the Polkadot network using a zk-STARK machine for multi-dimensional computation, which can be a private gateway for the Web 3.0 ecosystem. Users of the platform will have their unique identity without giving away private data. The company has two products -- Credential Platform, a platform for making and attesting credentials, and zkID Wallet, a digital wallet with DID keys.

The fund will be used to further scale its existing protocols for enhanced performance, and partnering with more Web3 firms, blockchain networks, and analytic data companies.

## Funding rounds

- Series A, Jun 17, 2022, $5.8M — Sancus Capital Group, Coinbase Ventures, Digital Finance Group, Bixin Ventures, Hash Global, Matrixport, KuCoin Ventures
- Seed, Apr 10, 2021, $1.3M — Digital Finance Group, Hypersphere Ventures, IOSG Ventures, Advanced Blockchain AG, Digital Renaissance Foundation, KR1, Paka Fund

## Investors

- Digital Finance Group (https://capitalatlas.ai/funds/digital-finance-group) — Seed, Series A
- Hypersphere Ventures (https://capitalatlas.ai/funds/hypersphere-ventures) — Seed
- IOSG Ventures (https://capitalatlas.ai/funds/iosg-ventures) — Seed
- Advanced Blockchain AG — Seed
- Digital Renaissance Foundation — Seed
- KR1 — Seed
- Paka Fund (https://capitalatlas.ai/funds/paka-fund) — Seed
- Sancus Capital Group — Series A
- Coinbase Ventures (https://capitalatlas.ai/funds/coinbase-ventures) — Series A
- Bixin Ventures (https://capitalatlas.ai/funds/bixin-ventures) — Series A
- Hash Global (https://capitalatlas.ai/funds/hash-global) — Series A
- Matrixport — Series A
- KuCoin Ventures (https://capitalatlas.ai/funds/kucoin-ventures) — Series A