Sovereign Labs, an encryption company that focuses on building rollups and security, has closed a seed round of financing in the amount of $7.4 million. Haun Ventures led the round, with Plaintext Capital, Plaintext Capital, Robot Ventures, Maven 11, 1KX and Robot Ventures participating. According to a spokesperson for the project, the funding will put the company at an “eight figure” valuation. It is understood that Sovereign