Aleo Raises $28M To Launch The First Platform For Fully Private Applications

Apr 20, 2021•about 4 years ago

Amount Raised

$28 Million

San Francisco

Description

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 Information

Company

Aleo

Location

San Francisco, California, United States

About

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.

Funding Insights

Based on industry data

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Aleo Raises $28M To Launch The First Platform For Fully Private Applications

Description

.css-1v6jzuu{--tw-text-opacity:1;color:rgba(75, 85, 99, var(--tw-text-opacity));}Company Information

Funding Insights

Company Information