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Crypto Assets startup Irreducible completes $24 million Series A financing
Golden Finance reported that the German cryptocurrency startup Irreducible raised $24 million in Series A financing, led by Paradigm and Bain Capital Crypto, with other investors including Distributed Capital, L2 Iterative Ventures, Robot Ventures, and several angel investors. Irreducible was established in 2022, originally named Ulvetanna, focusing on zero-knowledge proof (ZKP) generation infrastructure, aiming to improve efficiency and cost-effectiveness. Irreducible currently has 25 employees and plans to double its engineering team in the next two to three years.