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Nucleo Raises $4 Million Seed Round to Build Privacy Crypto Infrastructure for Organizations

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New York – ()–Nucleo, the first private, non-custodial and auditable multisig on Ethereum to provide the privacy infrastructure necessary for new wave organizations to go on-chain, raises $4 million seed today announced that the round had ended. The round was led by Bain Capital Crypto and 6th Man Ventures, with participation from prominent leaders in privacy infrastructure and zero-knowledge cryptography, including Aztec Network, Aleo and Espresso Systems.

Co-founders Matthew Wyatt and Luke Newman, created in November 2021 after the loss of the Constitution DAO, say the burgeoning privacy network lacks the infrastructure the organization uses. Nucleo leverages advanced multi-signature and zero-knowledge cryptography to enable any organization to take advantage of improved capital allocation, formation, and decentralized ownership by becoming Web3 native. provide the infrastructure. By partnering with leading privacy networks such as Aztec, Aleo, and Espresso Systems, Nucleo accelerates the adoption of privacy-powered blockchain systems by providing non-custodial, programmable and auditable solutions. .

Nucleo’s seed funding will allow the company to further expand its team to support private multisig integrations with existing organizational tools such as Juicebox and Gnosis. New features that Nucleo plans to develop with revenue include those needed across the tech stack to provide greater flexibility and expressiveness for using private DeFi, multi-chain privacy, and private multi-sig for organizations. includes innovations that

What started as a fun side project quickly turned into a critical technology unlocking a whole new design space for the future of organizations innovating around ownership, financing, hiring, compensation, and more. of Nucleo. “Nucleo believes that private multisig infrastructure is essential to this future and is focused on leveraging this technology to drive next-generation opportunities that will benefit the entire ecosystem. ”

Mike Dudas, partner at 6th Man Ventures and co-founder of LinksDAO, said: “This fills a much-needed void in cryptography, as important to Web3 as TLS/SSL was to Web1. ”

The organization was looking for a privacy solution like Nucleo that would bring trust, auditability and accountability to blockchain,” said Stefan Cohen, partner at Bain Capital Crypto. “Matt, Luke, and team’s proven expertise in zero-knowledge proofs and multi-signature cryptography provide the infrastructure organizations need to move seamlessly and securely on-chain. Bain Capital Crypto Research his partner Wei Dai said:

Nucleo continues to develop important privacy technologies using the latest cryptographic techniques to solve a variety of new challenges that naturally arise in the nascent industry. Co-inventor of Aztec and PLONK.

Nucleo was created to solve a very specific cryptographic problem that emerged from the Constitution DAO (Auditable Organizational Privacy). said Joe Andrews, co-founder and chief product officer of Aztec. “But since launching a year ago, the company’s use cases have expanded to help organizations secure their finances and operations for multiple uses on-chain. ”

Nucleo was launched with a team of 7+ professionals with unique experience in zero-knowledge proofs, multi-signature cryptography, product development, design and software engineering. The company is currently recruiting for full-stack and security engineer roles. To learn more about Nucleo or join the waiting list, please visit: https://www.gonucleo.xyz/.

About Nucleo

Launched in 2021, Nucleo is the first private, auditable multisig on Ethereum, building the privacy infrastructure organizations need to move on-chain. Nucleo allows online individuals, communities, and organizations to enjoy privacy while maintaining the benefits of auditability and being web3 native.

learn more: https://www.gonucleo.xyz/

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