Aleo Raises $28M To Launch The First Platform For Fully Private Applications
04/20/21, 3:31 PM
Location
san francisco
Money raised
$28 million
Aleo announced today it has raised $28M to build the next-generation platform for decentralized, private applications. The round was led by Andreessen Horowitz (a16z) with participation from Placeholder VC, Galaxy Digital, Variant Fund, and Coinbase Ventures. Other notable investors include Polychain Capital, Slow Ventures, Dekrypt Capital, Scalar Capital, a_capital, zkValidator, Balaji Srinivasan and Ethereal Ventures, a new venture fund established by Joseph Lubin.
Company Info
Location
san francisco, california, united states
Additional Info
Aleo is the first developer platform for building fully private, scalable and cost-effective applications. Using zero-knowledge cryptography, Aleo moves smart contract execution off-chain to enable a diverse range of decentralized applications that are both entirely private and can scale to thousands of transactions per second. Built on an open, public blockchain, Aleo brings all the flexibility of Ethereum but with a more scalable architecture in which miners don’t need to re-run every transaction, but simply verify their correctness.
For more information, visit aleo.org.
For press inquiries, please contact aleo@wachsman.com.