Encryption chip company Ingonyama completed a $21 million seed round of financing, led by IOSG and others

Crypto chip company Ingonyama completed a $21 million seed round of financing, led by IOSG Ventures, Walden Catalyst Ventures, and Geometry. Ingonyama launched ICICLE in March 2023, which is a library used by Ingonyama to accelerate ZK on GPUs. ICICLE allows developers with zero GPU experience to exponentially accelerate their ZK applications. Ingonyama announced on November 10, 2023 that it had completed a $20 million seed round of financing, led by Walden Catalyst, the main investor of AI21 Lab, with participation from Geometry, BlueYard Capital, Samsung Next, Sentinel Global, and others.

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