Verifiable data infrastructure Orochi completes $12 million seed round financing

Techub News reported that Orochi Network, a verifiable data infrastructure, has completed a $12 million seed round of financing, with investors including Presto Labs, Smape Capital, Anti Capital, Maxx Capital, Bolts Capital, AZA Ventures, and Connectico. They also received additional grants from the Ethereum Foundation, Mina protocol, Web3 Foundation, and BNB Chain. This round of financing will be used to drive the development of Orochi's verifiable data infrastructure.

Orochi Network aims to provide solutions for data integrity, privacy, and scalability. Its innovative architecture includes ZK-data-rollups, verifiable data pipelines, hybrid aBFT consensus, and Merkel DAG.