Soda Labs completes $3 million seed round financing, led by NextBlock.

Programmable privacy infrastructure Soda Labs has secured a $3 million seed round led by NextBlock. Over the past two and a half years, Soda Labs has developed a cryptographic privacy solution combining garbled circuits and multi-party computation (GC-MPC), relying on vetted standard cryptography such as AES and SHA256. Its privacy engine runs on standard cloud CPUs with no specialized hardware required, enabling applications to achieve privacy computing while maintaining connectivity to existing public blockchain infrastructure. Pieter van Poecke, founder of NextBlock, stated that what attracted the firm was the technology’s practicality rather than pure cryptography, noting Soda already has a working product and paying customers. The funding will support the company’s focus on commercial adoption and execution over the next 12 to 18 months, as it expands its architecture from gcEVM—an Ethereum L2 privacy layer currently running on COTI—to Soda Bubble, a chain-agnostic coprocessor for programmable privacy. Soda Labs is rolling out Bubble across major EVM ecosystems including Ethereum, Polygon, Arbitrum, and Base, while also advancing expansion into non-EVM networks such as Solana.