Bison Labs, a Wilmington, DE-based sovereign rollup company using ZK-proof on Bitcoin, raised an undisclosed amount in Pre-Seed funding.
The round was led by Portal Ventures with participation from UTXO, Domo (BRC-20 Creator), Waterdrip Capital, Bitcoin Startup Labs, and others.
The company intends to use the funds to expand operations and development efforts.
Led by CEO Jay Lee, Bison Labs is a sovereign rollup using ZK-proof on Bitcoin with assumption and security on the market. Distinct from existing Layer 2 solutions, it prioritizes a system through client-side verification and securing assets in a joint custody DLC, removing the need for external assumptions. This method ensures security unless the secret key is compromised.
To date, Bison Labs has already attracted over 15 teams to build on its platform, and is expanding its support to EVM and Rust0 VM, in addition to CairoVM.
FinSMEs
26/03/2024