Key Takeaways
- IronMill’s Funding: IronMill raises $2.6 million in funding, spearheaded by gumi Cryptos Capital. This substantial investment underscores the industry’s recognition of IronMill’s potential to transform the digital landscape.
- Zero Knowledge Integration: IronMill’s standout feature is its seamless integration of zero knowledge technology into new applications. By providing developers with essential tools and streamlined integration processes, IronMill paves the way for enhanced privacy and security solutions across various platforms.
- Oxide: Shaping the Future: Oxide, IronMill’s flagship project, takes center stage as a user-friendly package manager for zero-knowledge circuits (zk circuits). This breakthrough tool facilitates rapid development and experimentation, aligning perfectly with IronMill’s vision of a Verifiable Internet and pushing the boundaries of cryptographic advancements.
IronMill, a California-based web3 infrastructure startup, has raised $2.6 million in a pre-seed funding round, with gumi Cryptos Capital (gCC) leading the investment. Other notable venture capital firms in the cryptocurrency space, including Blockchain Builders Fund, Superscrypt, LongHash, Kestrel 0x1, and SevenX, also participated in the funding round. IronMill focuses on providing an integrated solution tailored for software developers, allowing them to seamlessly integrate zero knowledge (ZK) technology into new applications.
Founded in 2022 by Dr. Aaron Greenblatt and Christian Melton, IronMill offers a comprehensive platform that not only provides essential tools for selecting circuits but also assists in integrating these circuits into both on-chain and off-chain programming environments.
The platform ensures optimized deployment across various infrastructure platforms, prioritizing user-friendliness and efficiency throughout the process.
Dr. Greenblatt, a Stanford University PhD holder in Electrical Engineering, is an experienced entrepreneur with multiple patents, publications, and a background in machine learning.
IronMill’s flagship project, Oxide, serves as a user-friendly package manager for zero-knowledge circuits (zk circuits). Oxide plays a critical role as a foundational tool for zero knowledge proofs, reflecting IronMill’s commitment to maximizing the potential of this advanced cryptographic technology.
Oxide is designed to facilitate rapid development and experimentation of zk applications, aligning with IronMill’s broader goal of creating an infrastructure suite that supports the concept of a Verifiable Internet.
Miko Matsumura, Managing Partner of gumi Cryptos Capital, praised IronMill’s efforts in driving the adoption of zero knowledge technology beyond its current applications in the blockchain realm.
Matsumura believes that IronMill’s comprehensive zero knowledge solutions have the potential to reshape and enhance various aspects of the Internet, leveraging recent cryptographic advancements.
The company’s debut project, Oxide, is set to be officially unveiled at the upcoming Science of Blockchain Conference in August.
IronMill’s strategic focus on user-friendliness and practical integration of zero knowledge technology positions it as a promising player in advancing the field of web3 infrastructure and cryptographic applications.
Read Also: ZPrize Awards $4.4M To Foster Zero-knowledge Proofs
