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AltLayer - Strategic
Overview
Funding Date
February 19, 2024
Financing amount
$14.4M
Valuation
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Catagory
Subcategory
About AltLayer - Strategic
AltLayer, an open and decentralized protocol to launch native and restaked rollups with optimistic and ZK stacks, has raised $14.4 million in a strategic fundraising round co-led by Polychain Capital and Hack VC.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 2016 | 161 | info@polychain.capital | ||
| Fund | United States of America | 2017 | 75 | ed@hack-vc.com |
Founders & Team
Yaoqi Jia
Company Profile / Project Introduction
AltLayer is a decentralized and elastic Rollup-as-a-Service (RaaS) protocol for application developers to launch highly scalable application-tailored execution layers (aka Layer 2s). Built on top of the RaaS protocol, AltLayer offers: 1) an SDK for developers who wish to manage their rollups themselves, and 2) a no-code dashboard that allows not only developers but also those with little to no coding experience to spin up a customized execution layer within 2 mins through a few simple clicks.