Jacket Secures Funding in Mainnet Funding Round with Binance Labs Participation

IconCryptoNewsTerminal Staff22 Jul, 2024

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Jacket Secures Funding in Mainnet Funding Round with Binance Labs Participation

Jacket Raises Funds in Mainnet Funding Round, Binance Labs Participates Jacket (Zircuit), a project developing an AI-powered sequence-level security implementing EVM compatible zero-knowledge (zk) rollup layer 2, has officially announced the closing of its mainnet funding round. While the exact amount raised remains undisclosed, Jacket has confirmed the participation of notable investment firms including Binance Labs, Mirana Ventures, Amber Group, Selini Capital, Robot Ventures, IOSG Ventures, and Borderless Capital. Additionally, founders of renowned projects such as Renzo, Etherfi, and Pendle joined the round as angel investors. The funds raised in this mainnet round will be utilized by Jacket to advance its technology and ecosystem development. Binance Labs Co-founder and Head, He Yi, expressed support for Jacket's mission, stating, "Binance Labs supports projects with the potential to drive innovation in Web3 technology and the blockchain industry. Jacket offers a more secure Layer 2 solution, and we are excited about their growth prospects."

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