What Is Aleo Blockchain?

Founded in 2019, Aleo accelerates the integration of zero-knowledge into the web3 world. Aleo is the leading developer platform for building fully-private, scalable, and cost-effective decentralized applications. Using zero-knowledge cryptography, Aleo moves smart contract execution off-chain to enable new use cases like identity, finance, and gaming, scaling to thousands of transactions per second. Built on a decentralized and permissionless blockchain, Aleo brings the flexibility of Ethereum with a more scalable architecture that's designed from the ground up for privacy.

Aleo has raised $200M in a Series B funding round led by Kora Management LP and SoftBank Vision Fund 2, culminating in a valuation of the company at $1.45 billion. (More crypto fundraising details can be checked on the CoinCarp Fundraising Database)

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