April 15, 2024
Aligned Layer, based in Barcelona, Spain, has successfully raised $2.6 million in a seed funding round. The round was led by Lemniscap, with additional investments from Bankless Ventures, Paper Ventures, StarkWare, and O(1) Labs. The funding will be used to expand the team and accelerate the launch of Aligned Layer’s mainnet, scheduled for Q2 2024.
Project | Latest Raise | Latest Raise Date | Stage | Total Raise | Lead Investor | Category |
|---|---|---|---|---|---|---|
Aligned Layer | $2.6M | Apr 15, 2024 | Seed | $22.6M | Lemniscap | Security |
Aligned Layer aims to build the first decentralized Zero-Knowledge (ZK) Proof verification layer for Ethereum, powered by Eigen Layer. This new infrastructure will provide affordable and efficient ZK Proof verification for all proof systems, enabling developers to build scalable and interoperable applications like Layer 2 solutions and bridges. By offering cost-effective and flexible verification mechanisms, Aligned Layer aims to enhance the scalability and interoperability of Ethereum.
The seed round also saw participation from angel investors, including Sreeram Kannan, Brandon Kase, Daniel Lubarov, DCbuilder, Chainyoda, Weikeng Chen, Sami BENYAKOUB (samnode_), Peter Fittin (SizeChad), and Lucas Kozinski.
About Aligned Layer:
The aligned layer is Ethereum's first decentralized verification layer, which is powered by the Eigen layer. It works with EigenLayer to leverage Ethereum's economic security to improve Ethereum as a settlement layer. By being built from scratch with zero-knowledge proofs in mind, Aligned Layer offers cheap and fast verification of any proving system while enabling the usage of cutting-edge algorithms that may use new techniques to prove even faster.
Website: https://alignedlayer.com/
X Account: https://x.com/alignedlayer
X Followers today: 4,993
X Followers 30 days ago: 1,295
X Change: 3,698 (285.56%)
Investor: Lemniscap
Description: Lead investor in the seed round, specializing in investments in emerging crypto assets and blockchain startups.
Location: United States
Website: https://lemniscap.com
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