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Thiel-Backed Cryptography Startup Lagrange Raises $13M

Peter Thiel's Founders Fund led a $13.2 million seed funding round into Lagrange Labs, a cryptography startup based on Ethereum's EigenLayer restaking platform. Lagrange specializes in zero-knowledge (ZK) proofs – a way for computers to mathematically verify certain kinds of data. Decentralized applications on blockchain can use the platform to "verifiably access computations that would otherwise be too heavy to compute on-chain, without ever having to trust the off-chain prover to give them the correct result," according to the statement. In other words, the whole system acts as a way for blockchains – which are expensive and sluggish for certain kinds of activities.

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