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Pi Squared Raises $12.5 Million in Seed Funding Led by Polychain Capital to Construct a Common ZK Circuit Powered by Proof of Proof

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Champaign, Illinois, United States, July 2nd, 2024, Chainwire

Pi Squared, (Proof of Proof), introduced the closure of their first capital increase. Led by Polychain Capital, the syndicate contains ABCDE, Bloccelerate, Generative Ventures, Robotic Ventures, and Samsung Subsequent. Angel buyers embrace Shumo Chu, Harish Devarajan, Justin Drake, Sreeram Kanaan, Csongor Kiss, George Lambeth, Yilong Li, Calvin Liu, Lucian Mincu, Karthik Raju, and Frequent Prefix.

Utilizing zero-knowledge (ZK) expertise in a correct-by-construction and basically distinctive means, Pi Squared will allow trustless distant computing, AI, and interoperable sensible contracts for any blockchain or dApp. This can be made potential by the creation of a common and disarmingly small ZK circuit that checks the integrity of mathematical proofs, which can present verifiable-computing correctness ensures to all languages and digital machines (VMs) alike immediately from their formal semantics, with none translation to a standard language, VM, or instruction set structure (ISA).

“Our mission is to revolutionize verifiable computing, making it universal for all languages and virtual machines, inherently correct-by-construction, and lightning-fast,” says Grigore Roșu, CEO of Pi Squared and CS Professor at College of Illinois Urbana-Champaign. “This will have many applications, including a universal settlement layer (USL) so all Blockchains, L1s and L2s, can be universal, correct, inter-operable and efficient. It does not end there, our long-term mission is to settle all science and knowledge on USL.” 

“Pi Squared’s proof of proof technology will have a transformative impact across Web3 and beyond,” stated Karthik Raju, GP at Polychain Capital. “Pi Squared’s universal ZK circuit will significantly increase the reach and applicability of Web3 for everyone, from builders to end users.”

Pi Squared will allow the subsequent technology of verifiable computing that’s common and scalable with an optimally minimal belief base. The primary product powered by Pi Squared is the Common Settlement Layer (USL), an structure for modular blockchains that allows the next traits:

Universality

Computations may be expressed in any high-level or digital machine language, with out the necessity for compilers or translators.

Provable correctness

Computations verified by the USL are mathematically confirmed to be appropriate, and any exterior entity can independently confirm the correctness of the state of the USL.

Belief Base Minimality

USL exposes any belief assumptions in upper-layer computations for elevated transparency, end-user consciousness, and can decrease the belief base by correctness proofs.

App Interoperability

The USL will help interoperability between completely different software modules and networks (e.g. appchains). 

Determinism and reproducibility

The validation is reproducible and independently verifiable by any exterior entity.

Pi Squared’s USL subsequently gives end-to-end correctness ensures for generic computations whereas minimizing the belief base underlying these computations. USL promotes verifiable computing as the usual distributed computing paradigm with out requiring or selling explicit domain-specific languages (DSLs), VMs, or execution environments, all whereas being environment friendly and scalable.

Pi Squared can be presenting and exhibiting at occasions round EthCC in Brussels from July eighth to eleventh. Attendees can hearken to Pi Squared’s CEO, Grigore Roșu, converse at Restaking & Infra Day on July eighth and L2con on July ninth.

About Pi Squared

Pi Squared means ZK proofs of mathematical proofs. Pi Squared makes use of ZK expertise in a correct-by-construction and basically distinctive means. A common and disarmingly small ZK circuit gives verifiable-computing correctness ensures to all languages and VMs alike, with none translation to a standard language, VM, or ISA. Pi Squared is led by UIUC professor Grigore Rosu, founding father of the Okay framework and of Runtime Verification, and consists of researchers and founders of profitable tasks in formal strategies, blockchain, and AI/ML.

To ebook a gathering with Pi Squared’s CEO and crew, attendees can attain out to [email protected]

To study extra about Pi Squared’s imaginative and prescient and Proof of Proof, go to pi2.community and comply with Pi Squared on social media.

Contact

Head of Advertising
Chris Hazelton
Pi Squared Inc
[email protected]

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