Opacity Labs, a NYC-based data verification platform using zero-knowledge proofs, raised $12m in seed funding.
The round was co-led by Archetype and Breyer Capital, with participation from a16z Crypto Startup Accelerator, Finality Capital Partners, Bodhi Ventures, and Escape Velocity.
The company intends to use the funds to expand operations and its development efforts.
Opacity has developed a Verified Data Network (VDN) that shifts control from platforms to users, letting them verify, control, and monetize their data without sacrificing privacy. The developer platform is now live at https://opacity.network.
With Opacity, industries like finance, healthcare, and advertising are moving beyond gatekeepers toward trust, privacy, and innovation.
FinSMEs
17/10/2024