#Succinct “Succinct Labs” (also known simply as Succinct) is a Web3 infrastructure startup building zero‑knowledge proof (ZKP) tools and networks—not a cryptocurrency token per se. There is no native “Succinct Labs crypto token” currently in circulation.

⸻

🚀 What is Succinct Labs?

• Succinct is a San Francisco–based company founded in 2022, backed by investors like Paradigm, Robot Ventures, Bankless Ventures, Geometry, and ZK Validator, among others, raising about $55 million in seed and Series A funding as of March 2024 .

• Their core offerings:

• SP1, an open-source, Rust‑based zk‑virtual machine (zkVM) targeting RISC‑V, designed to let developers write and compile standard code while producing zero‑knowledge proofs efficiently .

• A decentralized prover network, enabling applications to outsource proof generation in a scalable, censorship-resistant way .

• Use cases include rollups, zkEVMs, light-clients, data coprocessors, private voting, and cross-chain interoperability.

• Major partners and adopters include Celestia, Wormhole, Lido, Avail, Near, Gnosis, and Polygon Labs .