Fundraising Fox

Axiom

5 known investors

Axiom develops OpenVM, a zero-knowledge virtual machine that enables cryptographic verification of software program execution. The technology is designed for production use in high-assurance applications including derivatives exchanges, blockchains, and layer-1 scaling solutions.

Also known as axiom-crypto Β· Axiom.xyz Β· Intrinsic Technologies

Investors Β· 5

Funding

SEC filings, press & company announcements

$200M disclosed across 1 of 2 rounds Β· 2024–2026

Source: company announcements and press reports β€” follow each round's link for the claim.

Company profile

researched Aug 2026

Axiom is a zero-knowledge cryptography company whose main product is OpenVM, an open-source, modular zkVM framework that can generate proofs of correct execution for arbitrary RISC-V programs. Alongside the open-source stack, Axiom operates the Axiom Proving API, a managed service that lets customers outsource proving infrastructure, including distributed GPU proving. The company's public materials emphasize three product axes: security (formally verified core extensions, 100 bits of provable post-quantum security, external audits by Cantina and zkSecurity), performance (proving throughput scaling to 1 GHz on 64 GPUs and Ethereum block proving in under 10 seconds), and generality (support for any RISC-V program plus custom extensions that accelerate application-specific logic).

Earlier public descriptions of the company frame a different initial product. A March 2023 profile by the .xyz registry described Axiom.xyz as a ZK coprocessor for Ethereum, built by parent company Intrinsic Technologies, intended to let smart contracts access on-chain data and perform complex computations off-chain with zero-knowledge proofs and trustless on-chain use of the results, potentially reducing reliance on third-party oracles. The company's GitHub organization, axiom-crypto, hosts roughly 81 public repositories including halo2-lib (a monorepo of halo2 crates), snark-verifier, halo2-browser, halo2-gpu, axiom-edge (distributed proving infrastructure for OpenVM), the axiom-api-cli client for the Proving API, openvm-eth, and forks of reth and halo2.

Stated production use cases are derivatives exchanges (order books, RFQ and custom derivatives markets, where off-chain execution is paired with cryptographic proof of correct execution and on-chain settlement) and blockchain scaling (validity proofs for Ethereum, Scroll or custom app rollups, replacing optimistic assumptions and enabling real-time block proving).

Founding story

A March 2023 profile identifies Intrinsic Technologies as the company that created Axiom.xyz to make zero-knowledge proofs accessible to smart contract developers, and quotes co-founder Yi Sun explaining the choice of a .xyz domain as a signal of commitment to open-source and community-first technologies. The 2024 funding announcement was authored by Yi Sun and signed by 'Yi and Jonathan'.

Business model

Axiom distributes OpenVM as an open-source zkVM framework and monetizes adjacent infrastructure through the Axiom Proving API, a hosted proving service that customers use instead of running their own proving infrastructure; sources do not disclose pricing or contract terms.

Traction

OpenVM reached its first production release in March 2025 and version 2.0 in July 2026. It has been proving Ethereum mainnet blocks live on EthProofs since October 2025 and, by January 2026, was proving Ethereum mainnet at a p99 level with sub-300 kB proofs. Axiom announced a collaboration with Lighter to power Lighter EVM in January 2026 and describes OpenVM as deployed in production securing derivatives exchanges and blockchains. Its GitHub organization hosts about 81 public repositories, with halo2-lib at 312 stars and snark-verifier at 105 stars as of August 2026.

Latest developments

The most recent items are the July 2026 production release of OpenVM 2.0 with proof aggregation features, the July 2026 disclosure of a soundness vulnerability found in Starknet's stwo proof system using Axiom's AI auditor, the July 2026 OpenVM 2.1 Preview demonstrating real-time Ethereum proving on 4 GPUs, and the August 2026 extension of formal verification to OpenVM's Keccak and SHA-2 circuits.

β–ΈFull profile β€” market position, technology, go-to-market, geography, history, risks & controversies

Market position

Axiom positions OpenVM as production-grade ZK infrastructure differentiated by formal verification and audit coverage rather than research-stage software, and claims OpenVM 2.0 Beta was the fastest zkVM on the EthProofs benchmark as of April 2026. Sources do not provide market share, revenue, or independent third-party rankings.

Axiom emphasizes formal verification of OpenVM's core circuits in Lean (RV32IM, Keccak, SHA-2), external audits by Cantina and zkSecurity, 100 bits of provable post-quantum security, and a modular architecture supporting custom proving extensions, combined with a managed proving API so users need not operate proving infrastructure.

Technology

OpenVM is a modular, extensible zkVM that proves execution of arbitrary RISC-V programs and supports custom extensions to accelerate application-specific logic. Core extensions are formally verified in Lean: the RV32IM extension was verified by Nethermind Research under an Ethereum Foundation grant, and coverage was later extended to the Keccak and SHA-2 hash circuits. The system targets 100 bits of provable, post-quantum security, produces sub-300 kB proofs when proving Ethereum mainnet, and has been externally audited by Cantina and zkSecurity. Proving is distributed across GPUs, scaling to 1 GHz throughput on 64 GPUs, with OpenVM 2.1 Preview demonstrating real-time Ethereum proving on 4 GPUs. Supporting open-source work includes the halo2-lib crates, snark-verifier, halo2-browser (WASM in-browser proving), halo2-gpu, and axiom-edge distributed proving infrastructure. Axiom also operates an internal AI auditor, which it used to identify a soundness vulnerability in Starknet's stwo proof system.

Go-to-market

Distribution combines an open-source zkVM released on GitHub under the axiom-crypto organization with a hosted Proving API (private beta from May 2025, GPU proving from September 2025) and named design-partner style collaborations such as Lighter EVM. The company also publishes technical announcements, benchmark results on EthProofs, formal-verification results and security research on its blog.

Derivatives exchanges seeking cryptographic guarantees of correct off-chain execution; blockchains and rollups (Ethereum, Scroll, or custom app rollups) needing validity proofs and faster finality; and developers integrating zero-knowledge proofs into applications. Historically, the company also targeted Ethereum smart contract developers with a ZK coprocessor.

Geography

Not disclosed in the sources; the .xyz registry profile lists the domain registrant as being in the United States.

History

By March 2023 the company, then described as a ZK coprocessor for Ethereum built by parent company Intrinsic Technologies, was active on Ethereum. In January 2024 it announced a $20 million Series A led by Paradigm and Standard Crypto. It shifted public focus to OpenVM, first released in December 2024, brought to production in March 2025, and upgraded to 2.0 (production) in July 2026 and a 2.1 preview in July 2026. The Axiom Proving API entered private beta in May 2025 and added distributed GPU proving in September 2025.

Risks & controversies

Several performance and security claims (fastest zkVM, 1 GHz throughput, sub-10-second Ethereum block proving) originate from the company's own website and are not independently corroborated in the sources provided. The name 'Axiom' is shared with unrelated companies, including Axiom Quant Inc. (verified-AI software) and Axiom Space (commercial space stations), which are distinct from this company. No litigation, security incidents affecting Axiom's own systems, or other controversies are reported in the sources.

Compiled by commissioned research from 8 cited public sources β€” announcements, filings, and press listed under research sources below.

Key figures

latest reported
Ethereum block proving latencyJan 2026Proves Ethereum blocks in less than 10 seconds
GitHub public repositories (axiom-crypto org)Aug 202681 repositories
GitHub stars, halo2-libAug 2026312 stars
GitHub stars, snark-verifierAug 2026105 stars
Provable security levelJan 2026100 bits (post-quantum)
Proving throughputJan 20261 GHz

Company-reported or press-reported figures, each dated to when it was claimed β€” not independently audited.

Competitors Β· 4

by search overlap

Companies competing with Axiom for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline Β· 14

launches, deals, and filings
Aug 2026
Formal verification extended to OpenVM Keccak and SHA-2 circuits

Axiom expanded OpenVM's formal verification coverage to the Keccak and SHA-2 extensions, proving in Lean that each circuit correctly constrains the relevant hash computation.

source β†—

Jul 2026
OpenVM 2.1 Preview: proving Ethereum in real time on 4 GPUs

Early preview of OpenVM 2.1, showing real-time Ethereum proving on 4 GPUs.

source β†—

Jul 2026
Soundness vulnerability found in Starknet's stwo proof system

Axiom reported discovering a soundness vulnerability in Starknet's zero-knowledge proof system, stwo, using its AI auditor.

source β†—

Jul 2026
OpenVM 2.0 released to production

Production release of OpenVM 2.0, adding enterprise-oriented security features and new proof aggregation capabilities.

source β†—

Apr 2026
OpenVM 2.0 Beta

Announcement of OpenVM 2.0 Beta, described by the company as the fastest zkVM on Ethproofs.

source β†—

Feb 2026
OpenVM RV32IM extension formally verified in Lean

The OpenVM RV32IM RISC-V extension was formally verified in Lean by Nethermind Research, supported by an Ethereum Foundation grant.

source β†—

Jan 2026
Collaboration with Lighter on Lighter EVM

Axiom announced a collaboration with Lighter to build Lighter EVM, an EVM-equivalent rollup powered by OpenVM 2.0 for native interoperability with Lighter markets.

source β†—

Jan 2026
Proving Ethereum in real time with OpenVM 2.0

OpenVM 2.0 reported proving Ethereum mainnet at a p99 level with 100 bits of provable security and sub-300 kB proof size.

source β†—

Oct 2025
OpenVM live on EthProofs

OpenVM began proving Ethereum mainnet blocks live on EthProofs.

source β†—

Sep 2025
OpenVM GPU live on the Axiom Proving API

Support added for OpenVM v1.4.0 and distributed GPU proving on the Axiom Proving API.

source β†—

May 2025
Axiom Proving API private beta

Private beta launch of the Axiom Proving API, a managed proving service.

source β†—

Mar 2025
OpenVM first production release

Axiom released OpenVM to production.

source β†—

Dec 2024
Introducing OpenVM

First release of OpenVM, an open-source zkVM framework prioritizing modularity and extensibility.

source β†—

Jan 2024
Axiom announces $20 million Series A led by Paradigm and Standard Crypto

Axiom announced a $20 million round led by Paradigm and Standard Crypto, with participation from Robot Ventures and Ethereal Ventures plus angel investors from Flashbots, Scroll, OpenSea, EigenLabs, Optimism/ETHGlobal, Obol, Personae, Zellic, Polygon and Aztec. Stated uses: growing the team and accelerating development of its ZK platform. Announcement authored by co-founder Yi Sun and signed 'Yi and Jonathan'.

$20M source β†—

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

β–ΈResearch sources Β· 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Axiom do?
Axiom builds OpenVM, an open-source zero-knowledge virtual machine, and a hosted Axiom Proving API for ZK proof generation.
Who are Axiom's investors?
Axiom's investors include Liam Horne, Paradigm, Standard Crypto, Zero Knowledge Validator (ZKV), Menlo Ventures.
How much funding has Axiom raised?
Axiom has disclosed $200M raised across 1 of its 2 known rounds.