When was Hyle founded?

Hyle was founded in 2024 and raised its 1st funding round within a year of its incorporation.

Where is Hyle located?

Hyle is headquartered in Paris, France.

Who is the current CEO of Hyle?

Sylve Chevet of Hyle. They have also founded 1 company.

How many employees does Hyle have?

As of Mar 31, 2026, the latest employee count at Hyle is 8.

Is Hyle a funded company?

Hyle is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on May 14, 2024.

When was the latest funding round of Hyle?

Hyle's latest funding was a $***** Seed round on May 14, 2024, with participation from 5 investors.

Where does Hyle rank among its competitors?

Hyle ranks 42nd amongst 95 active competitors, of which 56 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Aleo, which secured $480K in Mar, 2025.

Who are the top competitors of Hyle?

Hyle's top competitors include Aleo, Matter Labs and Optimism. Among them, Aleo secured the most recent funding round in March, 2025.

Hyle - 2026 Company Profile, Team, Funding & Competitors

Hyle is a seed company based in Paris (France), founded in 2024 by Lancelot de Ferriere le Vayer and Sylve Chevet. It operates as a Zero-knowledge technology for blockchain infrastructure. Hyle has raised $3.4M in funding from Framework Ventures. The company has 95 active competitors, including 56 funded and 3 that have exited. Its top competitors include companies like Aleo, Matter Labs and Optimism.

Company Details

Zero-knowledge technology for blockchain infrastructure. It offers a zero-knowledge proof for trustlessness and off-chain execution for smart contracts. It offers a decentralised, censorship-resistant settlement layer for all ZK proofs.

Website: hyle.eu
Social
Email ID: *****@hyle.eu

Key Metrics

Founded Year

2024

Location

Paris, France

Stage

Seed

Total Funding

$3.4M in 1 round

Latest Funding Round

Seed, May 14, 2024, $*****

Investors

Framework Ventures & 4 more

Ranked

42^nd among 95 active competitors

Employee Count

8 as on Mar 31, 2026

Similar Companies

Aleo & 85 more

View Hyle's full profile

Hyle has raised a total funding of $3.4M over 1 round. Its latest funding round was a Seed round on May 14, 2024 for $*****. 5 investors participated in its latest round. Hyle has 5 institutional investors.

Here is the list of recent funding rounds of Hyle:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 14, 2024	4069600	Seed	9121167	3281245	8524580	4305713

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View details of Hyle's funding rounds and investors

The founders of Hyle are Lancelot de Ferriere le Vayer and Sylve Chevet. Sylve Chevet is the CEO of Hyle.

Here are the details of Hyle's key team members:

Lancelot de Ferriere le Vayer: Co-Founder & CTO of Hyle.
Contact Info: 1 email address and 1 phone number
Sylve Chevet: Co-Founder & CEO of Hyle.
Contact Info: 1 email address and 1 phone number

View details of Hyle's Founder profiles and Board Members

Hyle's employee count trend

Hyle has 8 employees as of Mar 26. Here is Hyle's employee count trend over the years:

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Top competitors of Hyle include Aleo, Matter Labs and Optimism. Here is the list of Top 10 competitors of Hyle, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Aleo 2019, San Francisco (United States), Series B	Blockchain-based network for developers	$228M	SoftBank Vision Fund, Andreessen Horowitz ... & 19 others	73/100
2nd	Matter Labs 2019, Berlin (Germany), Series C	Finance infrastructure for blockchain privacy with verifiable computation	$458M	Union Square Ventures, Andreessen Horowitz ... & 19 others	72/100
3rd	Optimism 2019, New York City (United States), Series B	Blockchain-based platform for optimistic rollup and executing smart contracts	$175M	Andreessen Horowitz, Paradigm & 16 others	72/100
4th	StarkWare 2017, Netanya (Israel), Series D	Blockchain-based platform offers zero-knowledge proof roll-up solutions	$287M	Coatue, Greenoaks & 33 others	71/100
5th	Scroll 2013, Seychelles, Series B	Blockchain-based network for EVM-compatible solutions	$80M	Polychain, Bain Capital Crypto & 19 others	66/100
6th	Offchain Labs 2018, Princeton (United States), Series B	Developer of solutions for Ethereum smart contracts	$124M	ventures.coinbase.com, Pantera Capital & 17 others	65/100
7th	Taiko 2022, Shanghai (China), Series A	Online platform for decentralized zero knowledge rollup	$37M	Sequoia Capital China, GSR & 18 others	65/100
8th	Metis 2018, Singapore (Singapore), Seed	Blockchain-based application development platform for developers	$4M	PARSIQ, MV Global & 34 others	63/100
9th	zkSync 2019, Cayman Islands, Funding Raised	Zeroknowledge proof rollup layer 2 platforms	-	Union Square Ventures, Coinbase & 7 others	60/100
10th	Nexus 2022, San Francisco (United States), Series A	Provider of Layer 1 blockchain platform optimized for high-frequency cryptocurrency trading and decentralized finance applications	$27.2M	DRAGONFLY, SV Angel & 5 others	60/100
42nd	Hyle 2024, Paris (France), Seed	Zero-knowledge technology for blockchain infrastructure	$3.4M	Fabric Ventures, Heartcore Capital & 3 others	38/100