German’s crypto startup, Irreducible, has raised US$24 million in a series A funding round, co-led by Paradigm and Bain Capital Crypto.

Other investors include Fenbushi Capital, L2 Iterative Ventures, Robot Ventures, and several angel investors.

Founded in 2022 as Ulvetanna, Irreducible specializes in zero-knowledge proof (ZKP) generation infrastructure, aimed at improving efficiency and cost-effectiveness.

Irreducible has developed a ZKP system called Binius, which claims to enhance efficiency using “binary field towers” rather than traditional “prime fields.”

Irreducible manages its proof generation systems within its own data centers, setting it apart from competitors that depend on general-purpose cloud computing.

With a current workforce of 25 employees, Irreducible plans to double its engineering team in the next two to three years.