
Sovereign Labs
Framework for creating secure, interoperable zk rollups on a shared Data Availability layer.
Date | Investors | Amount | Round |
---|---|---|---|
* | $7.4m | Seed | |
Total Funding | 000k |
USD | 2023 |
---|---|
Revenues | 0000 |
EBITDA | 0000 |
Profit | 0000 |
EV | 0000 |
EV / revenue | 00.0x |
EV / EBITDA | 00.0x |
R&D budget | 0000 |
Source: Dealroom estimates
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Sovereign Labs focuses on simplifying blockchain scaling through its Sovereign SDK, a framework designed for developers to create secure and interoperable zk rollups. Operating in the blockchain technology market, the company targets developers who aim to deploy customizable and scalable rollups that can communicate seamlessly across different platforms. The business model revolves around providing an open-source SDK, ensuring accessibility and ease of use for developers without requiring deep cryptographic expertise. Sovereign Labs generates revenue by offering advanced tools and support for developers, while maintaining a commitment to open-source principles. The company aims to enable blockchain applications to scale to billions of users without compromising security, leveraging proof aggregation and advances in proof generation parallelism. By focusing on developer accessibility and robust engineering, Sovereign Labs positions itself as a key player in the blockchain scalability space.
Keywords: blockchain, zk rollups, scalability, developers, open-source, interoperability, proof aggregation, security, framework, data availability