Axiom, a New York startup that uses advanced cryptographic proofs to give smart contract developers access to more data on-chain, raised $20m in Series A funding.
The round was led by Standard Crypto and Paradigm with participation from Robot Ventures and Ethereal Ventures as well as some builders from across ZK and crypto: Hasu from Flashbots, Sandy Peng, Ye Zhang, and Haichen Shen from Scroll, Alex Atallah from OpenSea, Sreeram Kannan and Calvin Myers from EigenLabs, Liam Horne from Optimism / ETH Global, Collin Myers from Obol, Lakshman Sankar from Personae, Stephen Tong and Jasraj Bedi from Zellic, Brendan Farmer and Daniel Lubarov from Polygon, Zac Williamson and Joe Andrews from Aztec, and many others.
This funding will enable the company to grow the team and accelerate development of its core ZK platform empowering smart contract developers to build data-rich, on-chain applications.
Axiom introduces a new approach to authenticated data access which uses ZK cryptography instead of consensus. By using ZK, Axiom allows on-chain applications to compute over more data at a lower cost, starting with the entire history of Ethereum in its recent Axiom V2 mainnet release. This enables developers to:
- Incorporate past transaction activity trustlessly in their on-chain applications
- Permissionlessly compose with other smart contracts
- Add modular pieces to on-chain applications without modifying existing deployed business logic
FinSMEs