Taiko, an 'Ethereum-Equivalent ZK Rollup,' Raises $15M
Summary
Taiko, a layer-2 scaling solution for Ethereum, raised $15 million in series A funding, led by Lightspeed Faction, Hashed, Generative Ventures, and Token Bay Capital. The total fundraising across three rounds is now $37 million. Taiko offers an "Ethereum-equivalent ZK rollup" and debuted its "Katla" test network in January. It uses "based" sequencing technology, simplifying the L2 value chain. Taiko faces competition from 44 active layer-2 projects and 34 upcoming projects.
