Succinct is a zero-knowledge infrastructure company developing tools that aim to make zero-knowledge proofs (ZKPs) easier to use and more widely adopted. Succinct’s flagship product is SP1, a general-purpose zkVM (zero-knowledge virtual machine) designed to support use cases such as rollups, light clients, and coprocessors. According to Succinct’s website, SP1 is fully open source, written in Rust, and designed to deliver fast performance at low cost. In March 2024, Succinct announced that it raised $55M across Seed and Series A rounds led by
Paradigm.xyz, with additional participation from investors including Robot Ventures, Bankless Ventures, and the founders of Polygon and EigenLayer.
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