Pi Squared
Pi Squared (Pi² Labs) builds a universal zero-knowledge settlement layer enabling trustless cross-chain payments and verifiable computing for AI agents, blockchain protocols, and DeFi applications via its Fast payment system and FastSet protocol, targeting internet-speed finality at up to 1 million TPS.
- Company typePrivate
- Founded2024
- HeadquartersChicago, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Pi Squared does
Pi Squared (operating as Pi² Labs, with legal entity "fastxyz") is a Chicago-based blockchain infrastructure company founded in 2024 by Professor Grigore Rosu, creator of the K Framework for formally verifying programming languages and founder of Runtime Verification. The company is building a universal zero-knowledge circuit-based settlement layer that enables trustless verifiable computing across heterogeneous blockchain networks, daemons, and AI agent workflows. Its product portfolio centers on Fast, a payment system for the agentic economy, powered by the FastSet protocol — a decentralized payments network targeting near-instant finality and 1 million TPS by 2026 — together with Omniset (cross-chain liquidity) and OmniSwap (cross-chain swaps), all sitting on the general settlement layer technology.
The platform serves three primary use-case segments: AI agents and agentic applications requiring high-throughput machine-to-machine payments; blockchain protocols and DeFi applications needing universal verifiable settlement; and DeFi liquidity providers using Omniset and OmniSwap for cross-chain asset movement. Distribution is product-led, relying on open developer documentation (docs.fast.xyz), public devnet releases, and community channels (Discord, Telegram, GitHub), with strategic credibility anchored by academic rigor in formal verification and investor relationships with Polychain Capital, the Ethereum Foundation (Justin Drake), and EigenLayer (Sreeram Kanaan).
Pi Squared's business model contemplates transaction-fee revenue from the Fast settlement network and from Omniset/OmniSwap application usage, but pricing is not publicly disclosed and no revenue has been reported. The company completed a $12.5 million seed round in July 2024 led by Polychain Capital, launched Devnet 2.0 in November 2025, and currently operates with 11–50 employees. Commercial terms are negotiated directly with ecosystem partners and validators rather than via published price lists.
Pi Squared firmographics
Firmographics- Name
- Pi Squared
- Legal name
- fastxyz
- Website
- https://pi2.network
- Company type
- Private
- Founded year
- 2024
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Pi Squared (Pi² Labs) builds a universal zero-knowledge settlement layer enabling trustless cross-chain payments and verifiable computing for AI agents, blockchain protocols, and DeFi applications via its Fast payment system and FastSet protocol, targeting internet-speed finality at up to 1 million TPS.
- Ownership category
- akta.pro rank
Pi Squared industry classification
Industry- Product category
- Blockchain Settlement Infrastructure
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Securities and Commodity Exchanges (52321)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Commodity Contracts Brokers & Dealers (6221)
- akta.pro primary industry
- Oracles, Data Feeds & Attestations (price feeds, randomness, proofs) (FSAPAAAI)
- akta.pro secondary industries
- Payment Initiation & Account-to-Account (A2A) Payments (PIS, RTP initiation) (FSAGACAI), A2A Payment Initiation Service Providers (PISPs) (FSAMAFAB), Layer 2 Scaling & Rollups (optimistic/ZK, sequencers, DA usage) (FSAPAAAB)
Keywords
Where Pi Squared is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Markets served
Pi Squared business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations
Revenue model
- Fast Protocol Settlement Fees: Transaction fees generated through the Fast settlement network as agents and applications process payments and cross-chain swaps. The protocol's high-throughput parallel settlement architecture enables micro-transaction economics at near-zero cost.
- Omniset & OmniSwap Application Fees: Revenue generated through specialized applications built on the FastSet protocol, including cross-chain liquidity swaps (OmniSwap) and multi-chain settlement apps (Omniset), which charge fees for transaction routing and liquidity provision.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels9 records
Pi Squared product offering
Product offeringCore offering
Pi Squared builds Fast, a decentralized payment system for the agentic economy that enables autonomous AI agents to move money globally and securely at internet speed through parallel settlement and near-instant verifiable finality. The system is powered by the FastSet protocol and a universal zero-knowledge circuit that supports cross-chain liquidity (Omniset), cross-chain swaps (OmniSwap), and trustless verifiable computation for smart contracts across heterogeneous blockchain networks and daemons.
Product overview
Pi Squared (operating as Pi² Labs) offers a unified product portfolio centered around Fast, a new payment system for the agentic economy. Fast is powered by the FastSet protocol, a decentralized payments network enabling internet-speed transactions with near-instant finality and verifiability. The product suite includes Omniset (cross-chain liquidity) and OmniSwap (cross-chain swaps), all built on a universal zero-knowledge settlement layer technology that enables verifiable computing across blockchain networks.
Differentiator
Problem solved
Functional benefit
Brands
- Fast: A new payment system for the agentic economy enabling agents to move money globally and securely at internet speed. Fast is a decentralized payments network capable of processing transactions with near-instant finality and verifiability.
- FastSet
- Omniset
- OmniSwap
Products and services
- Fast A new payment system for the agentic economy that enables agents to move money globally and securely at internet speed through parallel settlement, designed for machine-speed instant verifiable finality.
- FastSet Protocol A decentralized payments network protocol that enables processing of transactions with near-instant finality and verifiability, targeting 1 million TPS by 2026 through parallel settlement.
- Omniset A cross-chain liquidity application built on the FastSet protocol that facilitates liquidity across different blockchain networks, enabling multi-chain settlement for users and protocols.
- OmniSwap A cross-chain swap application built on the FastSet protocol that enables swaps between different blockchain networks with high transaction speed and security.
- General Settlement Layer A universal zero-knowledge circuit for verifiable computing across blockchains and daemons, enabling trustless remote computing, AI verification, and interoperable smart contracts.
Quantifiable outcome
- 1 million TPS target by 2026
- +2 more outcomes
Companies that use Pi Squared
Customer profileSegments3 records
Ideal customer profiles3 records
Pi Squared technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Pi Squared partnerships and signals
Strategic signalScale indicators4 records
Recent moves5 records
Expansion highlights5 records
Pi Squared competitors and assessment
Company assessmentBroad incumbents
- Chainlink: Decentralized oracle network providing verifiable off-chain data and computation feeds to smart contracts. Comparable to Pi Squared in providing verifiable computation infrastructure for blockchain applications, though Chainlink is broader and more established across oracles, CCIP, and Functions.
- Polygon: Multi-product blockchain scaling ecosystem including Polygon zkEVM and Polygon CDK. Comparable to Pi Squared in ZK-based scaling infrastructure for high-throughput verifiable transactions, though Polygon offers a broader portfolio of L2 solutions and is production-deployed at scale.
- EigenLayer: Restaking protocol enabling Ethereum validators to secure additional services with their staked ETH. Comparable to Pi Squared as adjacent crypto infrastructure with shared investor relationships (Sreeram Kanaan), and potential integration partner for Pi Squared's settlement layer given EigenLayer's restaking ecosystem.
Direct peers
- zkSync (Matter Labs): ZK rollup scaling Ethereum with low-cost, high-throughput verifiable transactions. Comparable to Pi Squared in applying ZK proof technology to scalable settlement, though focused on a single-chain rollup versus Pi Squared's universal cross-chain approach.
- LayerZero: Cross-chain interoperability protocol enabling verifiable message passing between blockchains. Directly comparable to Pi Squared in tackling cross-chain settlement and interoperability, with overlapping developer and protocol customers.
- Wormhole: Cross-chain bridge protocol providing token and message transfer across 30+ blockchains. Comparable to Pi Squared's Omniset and OmniSwap applications targeting cross-chain liquidity and asset movement, with similar protocol-fee revenue model.
- Across Protocol: Cross-chain bridge optimized for fast, low-cost transfers using an optimistic verification model. Comparable to Pi Squared's OmniSwap in targeting cross-chain asset movement with emphasis on speed, though Across is operationally mature versus Pi Squared's devnet status.
- StarkWare: ZK proof-based scaling infrastructure (StarkEx, StarkNet) using STARKs for verifiable computation. Comparable to Pi Squared's universal ZK circuit technology, both targeting verifiable off-chain computation with on-chain verification for high-throughput blockchain applications.
- Axelar: Decentralized interoperability network providing cross-chain communication and programmable settlement. Comparable to Pi Squared's universal settlement layer, both targeting cross-chain transaction routing and verification for developers building multi-chain applications.
Emerging players
- Celestia: Modular blockchain providing data availability and consensus as a service for sovereign rollups. Comparable to Pi Squared in providing shared settlement/verification infrastructure that multiple chains can build on, though Celestia focuses on data availability versus Pi Squared's universal ZK computation circuit.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Pi Squared social profiles
Digital presencePi Squared financial estimates
Financial estimateRevenue estimate
Valuation estimate
Pi Squared leadership team
Management profileNumber of profiles
Profiles3 records
Pi Squared funding detail
Funding detailFunding overview
Funding rounds1 record
Investors7 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Pi Squared M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Pi Squared
What does Pi Squared do?
Pi Squared builds Fast, a decentralized payment system for the agentic economy that enables autonomous AI agents to move money globally and securely at internet speed through parallel settlement and near-instant verifiable finality. The system is powered by the FastSet protocol and a universal zero-knowledge circuit that supports cross-chain liquidity (Omniset), cross-chain swaps (OmniSwap), and trustless verifiable computation for smart contracts across heterogeneous blockchain networks and daemons.
Is Pi Squared a public or private company?
Pi Squared is a private company. It is classified as venture growth investor backed and is currently operating.
When was Pi Squared founded?
Pi Squared was founded in 2024. It employs 11 to 50 people.
Where is Pi Squared based?
Pi Squared is headquartered in Chicago, United States, in the North America region.
How does Pi Squared make money?
Two revenue lines are on record. Fast Protocol Settlement Fees are the primary driver. The others are omniset & OmniSwap Application Fees.
Who are Pi Squared's main competitors?
Broad incumbents on record are Chainlink, Polygon and EigenLayer. Direct peers are zkSync (Matter Labs), LayerZero, Wormhole, Across Protocol, StarkWare and Axelar. Celestia is listed as an emerging player.
Does Pi Squared have an API?
No public API is recorded for Pi Squared.
What industry is Pi Squared in?
Pi Squared's product category is Blockchain Settlement Infrastructure. Its primary akta.pro industry code is FSAPAAAI, Oracles, Data Feeds & Attestations (price feeds, randomness, proofs), with a secondary code of FSAGACAI, Payment Initiation & Account-to-Account (A2A) Payments (PIS, RTP initiation). Its NAICS code is 52232 and its SIC code is 6200.