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Aleo Raises $200M In Series B To Expand Products And Services Built On Private-By-Default, Blockchain-Based Platform

Aleo Raises $200M In Series B To Expand Products And Services Built On Private-By-Default, Blockchain-Based Platform

02/07/22, 2:00 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgsan francisco
Money raised
$200 million
Round Type
series b
Aleo, a leading platform for building private blockchain-based applications, has raised $200M in a Series B funding round led by Kora Management LP and SoftBank Vision Fund 2, with participation from Tiger Global, Sea Capital, Slow Ventures, Samsung Next, and Andreessen Horowitz (a16z), culminating in a valuation of the company at $1.45 billion. Following the company’s $28 million Series A, which was led by a16z in April of 2021, Aleo’s Series B represents the largest fundraising round ever in the zero-knowledge industry.

Company Info

Company
Aleo
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.