Succinct Labs is a startup founded in 2022 that enables developers to generate zero-knowledge proofs using its open-source zkVM, SP1, and a decentralized prover network—making proof creation as simple as a one-click deployment. In March 2024, it raised $55 million in seed and Series A funding, led by top-tier investors like Paradigm, with backing from Sandeep Nailwal, Bankless Ventures, Geometry, Robot Ventures, and more F6SCryptoRankdigitaltokenupdate.com. Their PROVE token is envisioned as a utility token for powering the network—supporting gas-efficient zkSNARK-based interoperability, airdrops, and decentralized proof generation across blockchain and AI
