Axiom raises $20M for its Ethereum data protocol

Axioma start-up that is building an infrastructure to help developers from DApps to access more data on Ethereumhas just completed a series A from 20 million dollars.

On Thursday, the on-chain data infrastructure developer Axiom has announced a $20 million Series A financing round led by Paradigm and Standard Crypto, two leading VCs in this new industry.

We’re excited to announce we’ve raised $20 million led by @paradigm and @standardcryptowith participation from @robotventures and @etherealvc

We are building infrastructure to give smart contract developers access to more data on-chain. pic.twitter.com/M8q61KMid3

– Axiom (@axiom_xyz) January 25, 2024

Axiom has designed a platform powered by Zero Knowledge (ZK) technology that supports blockchain developers in the creation of “data-rich” applications.

Thanks to ZK proofs, the solution enables DApps to compute more data, and at lower cost. V2 of Axiom’s mainnet, which recently made its debut, offers access to the complete history of the Ethereum blockchain.

On-chain applications require cheaper data access! Axiom introduces a new approach to authenticated data access using ZK cryptography instead of consensus,” the startup claims on X.

Among the other investors backing the project, Robot Ventures and Ethereal Ventures also took part in the Series A round.

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