Brevis, a smart verifiable computing platform, has raised $7.5 million from venture capital investors to advance off-chain verifiable computation in the blockchain ecosystem.
In one announcement on November 11, Brevis said it raised $7.5 million in a seed round led by Polychain Capital and Binance Labs.
Brevis, which enables blockchains to scale without facing liquidity or state fragmentation, plans to use the new funding to expand its research and development team. The R&D team aims to build and integrate essential components into off-chain verifiable computing and improve the platform’s decentralized evidence network.
According to details in the blog post, the goal is to accelerate the adoption of the platform’s zero-knowledge data coprocessor.
The ZK coprocessor allows smart contracts to access and process on-chain data, including transactions and statuses, through Brevis’ programmable software developer kit.
The technology allows developers to build data-driven decentralized applications to scale blockchains such as Ethereum (ETH). Brevis allows developers to leverage this potential without having to worry about the underlying mathematical and cryptographic complexity.
Brevis allows dApps to offload complex and costly computations to an off-chain network, reducing costs. The network generates a ZK proof of the calculation, which is then verified along the chain at minimal cost.
“At Polychain, we are committed to supporting projects that push the boundaries of blockchain infrastructure, and Brevis stands out with its innovative use of ZK Proofs to bring complex, data-driven computation to smart contracts in a trust-free way.”
Olaf Carlson-Wee of Polychain.
Platforms and protocols that have integrated or are considering adding Brevis-powered features include Kwenta, PancakeSwap, Frax, Celer, Jojo Exchange, and Mask Network.
In addition to Polychain Capital and Binance Labs, other VC firms backing Brevis include IOSG, Nomad Capital, HashKey, and Bankless Ventures. The round also attracted several angel investors.