Internet reports that German cryptocurrency startup Irreducible raised US$24 million in A Series A financing, led by Paradigm and Bain Capital Crypto. Other investors include distributed capital, L2 Iterative Ventures, Robot Ventures and several angel investors. Founded in 2022 as Ulvetanna, Irreducible focuses on zero-knowledge proof (ZKP) generation infrastructure with the goal of improving efficiency and cost-effectiveness. Irreducible currently has 25 employees and plans to double the size of its engineering team over the next two to three years.