Union Labs completed US$4 million in seed round financing, with participation from Galileo, Semantic Ventures, Tioga Capital, etc.

Union Labs completed a $4 million seed round of financing, with participation from Galileo, Semantic Ventures, Tioga Capita, Nascent, Lightshift and Chorus Onel. The financing will be used to develop a cross-chain bridge based on ZK technology. Karel Kubat, founder of Union Labs, said: “The most significant attacks come from cross-chain bridges, but cross-chain bridges remain critical infrastructure for almost all projects, which demonstrates the need for better and more resilient products. We have a responsibility to create new methods to protect these assets and further adopt ZK technology to achieve a secure and interoperable cross-chain future." (The Block)