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Data Privacy Startup Aleo Secured $28 Million Series A Financing Led By A16z
Summary: Aleo, a programmable data privacy startup has completed a $28 million Series A round of financing led by Andreesen Horowitz (a16z), with participation from Placeholder, Galaxy Digital, Variant Fund, Coinbase Ventures, and more. Aleo is committed to developing a web platform using Zero-Knowledge Proof (ZKP), a technology that allows two parties on the Internet to ...
Aleo, a programmable data privacy startup has completed a $28 million Series A round of financing led by Andreesen Horowitz (a16z), with participation from Placeholder, Galaxy Digital, Variant Fund, Coinbase Ventures, and more.
Aleo is committed to developing a web platform using Zero-Knowledge Proof (ZKP), a technology that allows two parties on the Internet to mutually verify information without sharing private data.
The team is developing its full-stack framework and preparing for the mainnet launch. The new funds will go forward to community development, developer grant programs and expanding the development team.
By Mary Liu
Tags: a16z,Aleo,Coinbase Ventures,Galaxy Digital,Placeholder,Variant Fund
Link: Data Privacy Startup Aleo Secured $28 Million Series A Financing Led By A16z [Copy]
