Bison Labs announced the completion of a Pre-Seed round of financing, aiming to create a second-layer Bitcoin network with Trustless and on-chain sovereign Rollup solutions. The round was led by Portal Ventures, with participation from UTXO Fund, Domo (creator of BRC-20), Magic Eden’s Chief Product Officer Linus Chuang, Waterdrip Capital, Bitcoin Startup Labs, Satoshi Lab, and other strategic investors.
Bison Labs is a sovereign rollup scheme using ZK proof on Bitcoin, with the smallest trust assumptions and highest security on the market. Unlike existing Layer 2 solutions, Bison Labs prioritizes a trustless system that requires no external trust assumptions through client-side verification and securing assets in co-hosted DLCs. This method ensures security and prevents the key from being leaked. To date, Bison Labs has more than 15 teams building ecological applications on its platform, and is extending its support to EVM and Rust0 VM, as well as CairoVM.
Bison Labs CEO Jay emphasized the importance of a native smart contract ecosystem focused on Bitcoin. Unlike many other layer 2 solutions that are designed with a generic "multi-signature" approach, Bison introduces a trustless and node-free way to secure the network. Bison Labs sets a new security standard with client-side verification to directly share a layer of Bitcoin security.