Chainway Labs Secures $14M in Series A Funding for Citrea, First ZK Rollup Builders, to Fuel Blockchain Innovation

Chainway Labs is thrilled to announce a successful funding round, raising $14 million to propel the development of Citrea, Bitcoin's pioneering ZK Rollup. As a dedicated blockchain infrastructure company, Chainway Labs is at the forefront of harnessing the transformative potential of Bitcoin, Ethereum, and Zero Knowledge technology to redefine our financial landscape. With this latest infusion of capital, we aim to accelerate our mission of research, building, deployment, and scaling of innovative solutions that leverage the robustness of these blockchain technologies. The introduction of Citrea represents a monumental advancement for Bitcoin, aiming to enhance its scalability while maintaining the security and privacy that users demand. This funding will allow us to expand our engineering team, strengthen our research initiatives, and accelerate the deployment of our groundbreaking products to market. We believe that, just as the internet revolutionized numerous industries over the past few decades, blockchain technology will be instrumental in reshaping our future—enabling a new era of decentralized finance and digital interaction. As we embark on this exciting journey, we invite our community of users, developers, and investors to join us in building a more scalable and efficient blockchain ecosystem for all. Your support is vital to help us uphold our commitment to innovation and excellence within the space. Stay tuned as Chainway Labs pushes the boundaries of what’s possible in the world of blockchain, and together, let’s pave the way toward a decentralized future.