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Jiritsu Secures $10.2 Million to Champion Verifiable Computing

September 27, 2023

Decentralized protocol for verifiable computing startup, Jiritsu, secured a $10.2 million in funding round led by gumi Cryptos Capital with participation from Susquehanna Private Equity Investments, LLLP, and Republic Capital, among others. The new funding will be used to accelerate Jiritsu’s efforts to redefine blockchain solutions and deliver Unlimited Verifiable Compute (UVC) technology.

To date, the startup’s technology has generated 4 million Proof of Workflow (PoWF) and is rapidly establishing new industry benchmarks.

Jiritsu specializes in the development of UVC through the use of advanced Multi-Party Computation, creating a state-of-the-art, programmable decentralized network. This network is designed to orchestrate and verify any computational workflow. It integrates various technological layers such as L1, L2, and Middleware, and is structured to evolve.

Jiritsu’s technology, powered by easily programmable Virtual Machines, operates on an OS powered by computational engines, delivering PoWF and facilitating the verification of computational workflows in a secure and optimized manner. They utilizes proprietary, decentralized, composable nodes that can be easily configured, maintaining optimal performance and high security.

Jiritsu aims to revolutionize Web 3 Compute through the introduction of turn-key products and a future developer platform, enabling a broad spectrum of industries to leverage its groundbreaking technology.

Along with the funding release, Jiritsu introduced Tomei RWA, a platform for asset tokenization, leveraging Jiritsu’s proprietary technologies, UVC and ZK-MPC. Tomei offers secure and compliant asset onboarding and granular, permissioned data access. It ensures precise, on-chain asset valuations and streamlined compliance.

Jiritsu, founded in 2020, is led by a team of seasoned professionals including brother founders, Jacob Guedalia and David Guedalia.

Other participating investors in the funding round includes Comma3, Kestrel, Eterna, Kestrel, Sera Fund, Evernew, Polymorphic, Shima, Tokentus, and other native blockchain funds.