Daemon Ventures
2040 Columbia Street Unit 204, San Diego, CA, 92101, United States
Overview
Daemon Ventures is an early-stage venture capital firm that invests in blockchain start-ups developing new solutions to enable widespread use of the technology.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 0
Investment portfolio
- Fermah
Participated · Seed · Sep 2024
Fermah operates a marketplace-style universal proof generation layer that aggregates GPU and FPGA suppliers to generate zero-knowledge proofs across use cases such as ZK rollups, bridges, coprocessors, ZKML, and ZKFHE. The platform is architected to support all proof systems, including zkVMs, zkEVMs, and Groth16, and is optimized to reduce the cost and latency of proof generation. By aggregating demand and enabling suppliers to leverage economies of scale, Fermah aims to lower per-proof costs and broaden the set of practical ZK use cases. The company cites several technical breakthroughs that enable what it describes as the first efficient marketplace for ZK proof generation. Fermah plans to use the new funding for product development and team expansion and is currently hiring for multiple key roles. The company was founded by Vanishree Rao, a cryptographer with a PhD in Cryptography from UCLA and former Lead Cryptographer at O(1) Labs.
Team
No current team members are available.