Brevis raises $7.5m seed round to advance verifiable computing

Intelligent verifiable computing platform Brevis has raised $7.5 million from venture capital investors to advance off-chain verifiable computation in the blockchain ecosystem.

In an announcement on November 11, Brevis announced that it had 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 government fragmentation, plans to use the new funding to expand its research and development team. The R&D team aims to build and integrate key components in off-chain verifiable computing and develop the platform’s decentralized prover network.

According to details in the blog post, the goal is to accelerate the adoption of the platform’s zero-knowledge coprocessor.

The ZK Coprocessor allows smart contracts to access and manipulate on-chain data, including transactions and states, through Brevis’ programmable software developer kit.

The technology empowers developers to create data-driven decentralized applications to scale blockchains like Ethereum (ETH). Brevis allows developers to tap into this potential without having to worry about the underlying mathematical and cryptographic complexity.

With Brevis, dApps can reduce costs by offloading complex and costly calculations to an off-chain network. The network creates a ZK proof of the computation, which is then verified on-chain with minimal overhead.

“At Polychain, we are committed to supporting projects that push the boundaries of blockchain infrastructure, and Brevis stands out with its innovative use of ToM Proofs to bring complex, data-driven computation to smart contracts in a trustless way.”

Olaf Carlson-Wee from Polychain.

Platforms and protocols that have integrated or are considering adding Brevis-supported features include Kwenta, PancakeSwap, Frax, Celer, Jojo Exchange, and Mask Network.

Other VC firms backing Brevis include Polychain Capital and Binance Labs, as well as IOSG, Nomad Capital, HashKey and Bankless Ventures. The round also attracted the interest of many angel investors.