# Succinct

> Succinct is a San Francisco cryptography company building SP1, an open-source zero-knowledge virtual machine that lets developers prove the correct execution of any Rust program, and the Succinct Prover Network - a decentralized marketplace where independent provers compete to generate ZK proofs for rollups, bridges and onchain applications.

- **Founded:** 2022
- **Headquarters:** San Francisco, United States
- **Founders:** Uma Roy (Co-Founder & CEO), John Guibas (Co-Founder & CTO)
- **Team size:** ~35
- **Products:** SP1 zkVM, SP1 Hypercube, Succinct Prover Network, OP Succinct, SP1-CC (Contract Call)
- **Notable:** Raised $55M total from Paradigm by 2024, SP1 became the most-starred zkVM repo on GitHub, Launched the first decentralized prover network on Ethereum mainnet (August 2025)

## Products & services

- **SP1 zkVM** — An open-source zero-knowledge virtual machine that lets developers prove the correct execution of any program written in Rust and compiled to RISC-V.
- **SP1 Hypercube** — Next-generation zkVM capable of generating zero-knowledge proofs for Ethereum blocks in under 12 seconds - a key milestone for real-time proving.
- **Succinct Prover Network** — Decentralized marketplace on Ethereum where applications post proof requests and independent provers compete to fulfill them, settled in the PROVE token.
- **OP Succinct** — A drop-in upgrade that turns any OP Stack rollup into a ZK rollup with type-1 zkEVM proofs.
- **SP1-CC (Contract Call)** — Toolkit that lets developers prove the result of arbitrary Ethereum smart contract calls offchain.

## Achievements

- Raised $55M total from Paradigm by 2024
- SP1 became the most-starred zkVM repo on GitHub
- Launched the first decentralized prover network on Ethereum mainnet (August 2025)
- SP1 Hypercube proves Ethereum blocks in under 12 seconds
- Five million proofs fulfilled across 1,700+ programs
- Over $4B in onchain value secured by Succinct-generated proofs

## Latest updates

- **2025-08** — Mainnet launch of the Succinct Prover Network and the PROVE token; 22M tokens airdropped to 24,000 community members.
- **2025-05** — Unveiled SP1 Hypercube, claiming real-time Ethereum block proving in under 12 seconds.
- **2024-03** — Closed $43M Series A led by Paradigm, bringing total funding to $55M.

## Links

- Website: https://succinct.xyz
- LinkedIn: https://www.linkedin.com/company/succinctlabs
- Twitter/X: https://twitter.com/SuccinctLabs
- GitHub: https://github.com/succinctlabs
- YouTube: https://www.youtube.com/@SuccinctLabs

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Profile page: https://yespress.io/succinct
Published by YesPress — https://yespress.io
Last updated: 2026-06-27