Jiritsu raised $10.2 million in funding

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Jiritsu, a pioneer in verifiable computing, has raised $10.2 million in funding. The round was led by gumi Cryptos Capital, with participation from Susquehanna Private Equity Investments, Republic Capital, and other investors.

Jiritsu aims to revolutionize blockchain solutions with its Unlimited Verifiable Compute (UVC) technology. This technology offers an easily programmable approach that can be applied to any workflow and generates Proof of Workflow (PoWF), setting a new paradigm in verifiable computing.

The company has delivered over 4 million PoWF and counting, and its UVC technology is setting new industry standards.

In addition to the funding news, Jiritsu has unveiled Tomei RWA, a revolutionary asset tokenization platform. Built on Jiritsu’s UVC and ZK-MPC technologies, Tomei offers unparalleled assurance in asset management through its proprietary attestation system. The platform employs Zero-Knowledge (ZK) attestations for secure and compliant asset onboarding and provides granular, permissioned access to data. Tomei’s automation streamlines compliance by minting tokens tied to initial ZK attestations, and its dynamic consensus mechanism ensures accurate, on-chain asset valuations.

Jiritsu’s team is led by Jacob Guedalia, a successful serial entrepreneur with multiple exits and 50+ US Patents, and David Guedalia, the Founder & Chief Architect, who is a CTO with multiple exits and 50+ US patents. The team also includes Ph.D.s in Computer Science, Cryptography, Mathematics, and Physics.

Quotes from Investors:

  • gumi Cryptos Capital: “Jiritsu has developed a technology platform for compute verification, an increasingly important Internet infrastructure,” said Miko Matsumura, Managing Partner at gumi Cryptos Capital. “With the launch of Tomei, we feel that the team has identified a killer application for this platform.”
  • Republic Capital: “We are thrilled to invest in this amazing team. We believe Jiritsu will be an important catalyst for the tokenized real-world asset space with its Verifiable Compute technology,” said Brian Johnson, Senior Director at Republic Capital.
  • Shima Capital: “RWAs may become one of the best use cases for blockchain,” said Yida Gao, Shima Capital’s Founder and Managing General Partner. “We are extremely bullish on Jiritsu’s ability to accelerate the path towards mass adoption by scaling the asset tokenization sector with their unlimited verified compute technology powered by MPC.”

This funding round includes participation from various native blockchain funds, solidifying investor confidence in Jiritsu Network and its innovative solutions.

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