What does Inco do?
Inco is developing a missing confidentiality layer for blockchain applications by leveraging advanced cryptographic techniques and trusted execution environments (TEE) to enable secure, high-performance onchain interactions for sectors like real-time gaming, DeFi, and private transactions.
How much did they raise?
The company raised $5M in a funding round led by Andreessen Horowitz Crypto Startup Accelerator, with participation from Coinbase Ventures, 1kx Capital, OrangeDAO, South Park Commons, and Script Capital.
What are their plans for the money?
Inco plans to use the funds to expand its operations and development efforts, enhancing its flagship product, Inco Lightning, and aiming to support multiple Layer 1 and Layer 2 blockchains, starting with Ethereum and Base.
What have they achieved so far?
The company has already made strides with Inco Lightning, its first product designed to provide confidentiality to onchain applications without sacrificing performance.
