Inco Raises $5M in Funding for Building Confidentiality Layer for Blockchain
Inco, a startup based in New York City, has secured $5 million in funding to develop a confidentiality layer for blockchain technology.
The funding round was led by Andreessen Horowitz Crypto Startup Accelerator, with contributions from both new and existing investors such as Coinbase Ventures, 1kx Capital, OrangeDAO, South Park Commons, and Script Capital.
The company plans to utilize the investment to enhance its operations and further advance its development initiatives.
Headed by Remi Gai, Inco is dedicated to creating a confidentiality layer for Web3 by utilizing various cryptographic methods to construct a confidential compute protocol for current blockchain systems. Their initial product, Inco Lightning, is specifically designed to offer confidentiality to any onchain application. Utilizing verifiable compute within a trusted execution environment (TEE), it delivers confidentiality without compromising on the performance required for applications like real-time gaming, high-frequency DeFi, and private transactions. Inco’s future roadmap includes supporting multiple L1 and L2 blockchains, starting with Ethereum and Base before expanding to other ecosystems.
FinSMEs
25/04/2025
