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Cysic

Application Specific Semiconductors · Jersey City, NJ · Founded 2022 · Privately Held (backing)

Developer of zero-knowledge proof hardware acceleration technology designed to enhance cryptographic computation efficiency. Cysic is based in Jersey City, NJ and was founded in 2022. Its last known valuation is $112 million. It has raised $18 million across 1 recorded round; the latest was a $12 million Series A in May 2024.

Last price · $/share
—
Implied valuation
$112.0M
Total raised
$18.0M
Last round
Early Stage VC (Series A)
May 2024

Cysic key facts

  • Developer of zero-knowledge proof hardware acceleration technology designed to enhance cryptographic computation efficiency.
  • Cysic’s last known valuation is $112.0M.
  • It has raised $18.0M across 1 recorded rounds; the latest was Early Stage VC (Series A) ($12.0M) in May 2024.
  • Notable investors include Matrix, Hashkey Capital, Alpen Capital (Investor), Polychain Capital, OKX Ventures — 13 tracked in total.
  • Status: Privately Held (backing).
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Cysic funding rounds

1 rounds
May 2024Early Stage VC (Series A)$12.0M▮
Full funding history →

Cysic valuation

Cysic's last known valuation is $112 million. The figure stands until a priced round, a secondary trade or an institutional fund mark prices the stock again.

How much has Cysic raised?

Cysic has raised $18 million in total; 1 of its rounds is on record. The largest on record was a $12 million Series A in May 2024.

Cysic investors

13 investors are on record for Cysic, including Matrix, Hashkey Capital, Alpen Capital (Investor) and Polychain Capital. By type, the record holds 4 venture capital firms and 1 family office. The Series A in May 2024 drew 10 investors.

Comparable companies

Comparable application specific semiconductors names by valuation on PrivateMarketView: Ethernovia ($370 million), Empower Semiconductor ($192 million) and Baya Systems ($169 million).

About Cysic

Developer of zero-knowledge proof hardware acceleration technology designed to enhance cryptographic computation efficiency. The company's platform features a decentralised prover and verifier network, supports proof generation and verification, integrates ASIC and GPU-based acceleration, and offers CUDA libraries and hardware products, enabling blockchain developers and enterprises to achieve scalable, fast, and cost-effective cryptographic operations.

Industry
Application Specific Semiconductors
Sector
Information Technology
HQ
Jersey City, NJ, United States
Founded
2022
Employees
14
Website
cysic.xyz/
Ownership
Privately Held (backing)

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Valuation on record
$112.0M

Cysic’s last known valuation. A PrivateMarketView mark is published once fund marks, secondary prints or a priced round let us confirm it.