Bison Labs completes Pre-Seed funding round, led by Portal Ventures

ChainCatcher news, Bison Labs announced the completion of its Pre-Seed funding round, aiming to pioneer a Trustless and on-chain sovereign Rollup solution for Bitcoin's second-layer network. This round of financing was led by Portal Ventures, with participation from UTXO Fund, Domo (creator of BRC-20), Linus Chuang, Chief Product Officer of Magic Eden, Waterdrip Capital, Bitcoin Startup Labs, Satoshi Lab, and other strategic investors.

It is reported that Bison Labs is a sovereign Rollup solution using ZK proofs on Bitcoin, featuring the smallest trust assumptions and the highest security in the market. Unlike existing second-layer solutions, Bison Labs prioritizes a Trustless system that requires no external trust assumptions by protecting assets through client verification and in co-hosted DLCs. This approach ensures security and prevents key leakage.

So far, Bison Labs has over 15 teams building ecological applications on its platform and is expanding its support to EVM and Rust0 VM, as well as CairoVM.

Bison Labs CEO Jay emphasized the importance of focusing on the native smart contract ecosystem for Bitcoin. Unlike many other second-layer solutions that design generic "multi-signature" methods, Bison introduces a way to protect network security without trust and without the need to create nodes. Bison Labs sets a new security standard through client verification to directly share the security of Bitcoin's first layer.