Cycles
San Francisco, United States
◆ Total Raised
$6.4M
◆ Stage
series-a
◆ Location
San Francisco, United States
◆ Founded
2024
◆ Team size
11-50
◆ Links
◆ About Cycles
An open clearing protocol designed to provide efficient multilateral netting for crypto transactions using zero-knowledge proofs, trusted execution environments, and graph algorithms.
◆ What sets it apart
It combines graph-based multilateral netting with ZK proofs and TEEs to clear obligations privately without requiring a central counterparty or novation.
◆ Sectors
◆ Business
Modeltransactional
CustomerInstitutions, crypto firms, and other parties that need private multilateral netting and settlement
◆ Notable
- Published the Cycles whitepaper and protocol description
- Raised $6.4 million in funding in May 2026
- Launched Cycles Prime as an institutional clearing product
◆ Funding rounds
◆ Explore the market
◆ FAQ
What does Cycles do?
An open clearing protocol designed to provide efficient multilateral netting for crypto transactions using zero-knowledge proofs, trusted execution environments, and graph algorithms.
Where is Cycles based?
Cycles is based in San Francisco, United States, founded in 2024.
How much has Cycles raised?
Cycles has raised $6.4M in tracked funding and is currently at the series-a stage.
Who has invested in Cycles?
Investors in Cycles include Blockchange Ventures, Coinbase Ventures, Compound VC and Primitive Ventures.