Cryptocurrency startup Irreducible raises $24 million in Series A funding

According to Golden Finance, German cryptocurrency startup Irreducible has raised $24 million in Series A funding, led by Paradigm and Bain Capital Crypto, with other investors including distributed capital, L2 Iterative Ventures, Robot Ventures, and several angel investors. Irreducible was founded in 2022, originally named Ulvetanna, focusing on zero knowledge proof (ZKP) generation infrastructure with the aim of improving efficiency and cost-effectiveness. Irreducible currently has 25 employees and plans to double the size of its engineering team in the next two to three years.