Cryptocurrency startup Irreducible completes 24 million USD Series A financing

The German cryptocurrency startup Irreducible has raised $24 million in a Series A funding round, led by Paradigm and Bain Capital Crypto. Other investors include Distributed Capital, L2 Iterative Ventures, Robot Ventures, and several angel investors. Founded in 2022 under the original name Ulvetanna, Irreducible focuses on Zero-Knowledge Proof (ZKP) generation infrastructure with the aim of improving efficiency and cost-effectiveness. Currently employing 25 people, Irreducible plans to double its engineering team size within the next two to three years.