Aligned Layer raised $20M in a Series A funding round

April 25, 2024

ZK verification layer for Ethereum Aligned Layer raised $20M in a Series A funding round led by Hack VC, with participation from dao5 (daofive), L2 Iterative Ventures (L2IV), Nomad Capital, Finality Capital, Symbolic Capital (ex Hyperedge Capital), Theta Blockchain Ventures (Theta Capital Management), J17 Capital, Everest Ventures Group (EVG), Decima, Protagonist, Alexander Pack.

Aligned Layer is a universal verification layer designed for Ethereum, enhancing its capabilities for zero-knowledge SNARK proofs. Developed on EigenLayer, Aligned Layer aims to make Ethereum a more efficient and cost-effective platform for SNARK verification by leveraging restaking and proof aggregation. This initiative supports various zero-knowledge technology developments, aiming to expand Ethereum’s utility and support the future of trustless applications with enhanced security and verifiability.

You can find all funding rounds, links, and details on the project page Aligned Layer