{"id":41105,"date":"2021-04-20T20:10:11","date_gmt":"2021-04-20T17:10:11","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=41105"},"modified":"2025-08-30T17:15:17","modified_gmt":"2025-08-30T14:15:17","slug":"privacy-focused-aleo-project-raises-28-million-from-a16z-galaxy-digital-and-polychain-capital","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/privacy-focused-aleo-project-raises-28-million-from-a16z-galaxy-digital-and-polychain-capital\/","title":{"rendered":"Privacy-focused Aleo project raises $28 million from a16z, Galaxy Digital and Polychain Capital"},"content":{"rendered":"<p>Aleo, a platform for building decentralised applications with enhanced privacy, has raised $28 million from Andreessen Horowitz (a16z) and other leading venture capital firms.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">Today, the Aleo team is proud to announce our $28M raise from industry-leading investors to build the first platform for fully private and decentralized applications. We\u0019re thrilled to work with our lead Series A investor <a href=\\\"https:\/\/twitter.com\/a16z?ref_src=twsrc%5Etfw\\\">@a16z<\/a> and other first-class supporters. <\/p>\n<p>Thread \ud83d\udc47(1\/6) <a href=\\\"https:\/\/t.co\/Iwx8ybgVzq\\\">pic.twitter.com\/Iwx8ybgVzq<\/a><\/p>\n<p>\u2014 Aleo (@AleoHQ) <a href=\\\"https:\/\/twitter.com\/AleoHQ\/status\/1384522355960160259?ref_src=twsrc%5Etfw\\\">April 20, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>The funding was also provided by Placeholder, Coinbase Ventures, Galaxy Digital, Polychain Capital, Scalar Capital, Slow Ventures, Variant Capital, Balaji Srinivasan and Ethereal Ventures.<\/p>\n<p>According to CoinDesk, the funds will be used to fund grants for protocol creators and to attract new developers.<\/p>\n<p>The project aims to facilitate the development of zero-knowledge proof-based applications for privacy and data security.<\/p>\n<p>The idea is to build an internal ecosystem that goes beyond simply creating yet another privacy-focused app, such as a virtual private network.<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/forklog.com\/chto-takoe-dokazatelstvo-s-nulevym-razglasheniem-zero-knowledge-proof\/\" rel=\"noreferrer noopener\">https:\/\/forklog.com\/chto-takoe-dokazatelstvo-s-nulevym-razglasheniem-zero-knowledge-proof\/<\/a><\/p>\n<p>According to the firm, Aleo apps and user interactions are private by default. The platform will guarantee that data are protected on-device and verified, without being transmitted to a service provider.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p><em>&#8220;Such applications will enable users to navigate digital interactions without distortion, creating value,&#8221;<\/em> said Kathryn Haun, general partner at a16z.<\/p>\n<\/blockquote>\n<p>The integration of zero-knowledge proofs will mitigate the consequences of data leaks, preserve user privacy, and support regulatory compliance, according to Aleo representatives.<\/p>\n<p>In March 2021, the Mina Protocol <a href=\"https:\/\/forklog.com\/en\/news\/mina-protocol-launches-privacy-focused-blockchain-built-on-zk-snarks\">launched<\/a> a privacy-focused blockchain built on zero-knowledge proofs.<\/p>\n<p>Follow ForkLog news on Telegram: <a href=\\\"https:\/\/t.me\/forklogfeed\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">ForkLog Feed<\/a> \u2014 the full news feed, <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">ForkLog<\/a> \u2014 the most important news, infographics and opinions<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Aleo, a platform for building decentralised applications with enhanced privacy, has raised $28 million from Andreessen Horowitz (a16z) and other leading venture capital firms.<\/p>\n","protected":false},"author":1,"featured_media":41106,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[848,770,329,849,1256,1133],"class_list":["post-41105","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-andreessen-horowitz","tag-galaxy-digital","tag-platforms","tag-polychain-capital","tag-privacy-and-personal-data","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"31","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/41105","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=41105"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/41105\/revisions"}],"predecessor-version":[{"id":41107,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/41105\/revisions\/41107"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/41106"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=41105"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=41105"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=41105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}