Aligned, an Emerging Player in DeFi & Web3 Infrastructure, Raises $34 Million to Power the Future of Blockchain Technology

Report: Data-Driven Tools Prove to be Instrumental to Business Growth

Aligned is bridging the gaps in DeFi by providing the infrastructure to empower the growing Web3 movement

AlignedAligned, a prominent new DeFi and Web3 infrastructure company, announced today it has raised $34 million. The funding news propels the firm out of stealth as it brings to market a suite of Web3 infrastructure products and services to support decentralized finance (DeFi), a market valued at $186.55 billion today. Aligned delivers a robust suite of product offerings, including solutions for mining and high performance computing, staking and liquidity provisioning, while supporting decentralization through an immutable, full-stack infrastructure for DeFi. Aligned is designed to support a future built on natively decentralized technologies, such as Zero-knowledge proofs, which will reduce reliance on centralized infrastructure with single points of failure.

Aligned was founded by Sam Cassatt, former Chief Strategy Officer at ConsenSys and a notable investor and early Ethereum adopter. Aligned has been in development since 2020, quietly amassing a reputable team with decades of experience in high performance computing, data center management, Web3 infrastructure, telecoms, and asset management, and includes crypto-native DeFi builders and power users. With deep expertise across Web3 tech and financial services, Aligned brings an impressive track record of developing and implementing cutting-edge blockchain solutions.

Marketing Technology News: Nebula Graph Takes Another Step to Lead Global Graph Database Market With the Release of V3.0.0

Aligned has raised $34 million from a variety of institutional investors including crypto market maker and ecosystem partner GSR, Altium Capital, Cavalry Fund, and Ninja4, a group of private investors including notable executive, film producer and sports agent Happy Walters. In addition, Aligned received investment from individual investors including prominent entrepreneur and investor Steve Wiggins, Gryphon Digital Mining executive Chris Ensey, ConsenSys alum and DARMA Capital founder Andrew Keys, and Ron Patiro, who led PayPal’s Experimentation Program.

Aligned’s funding will enable the firm to grow its core offerings, which include advanced solutions for mining, staking and liquidity provisioning for Ethereum compatible blockchains, including Layer 2 networks, as well as for prominent blockchains and new emerging architectures.

Mining & High Performance Computing
Aligned has created proprietary, state of the art hardware and software that leverage programmable silicon (FPGAs) and highly configurable chips for the next generation of on-chain computation to mine tokens such as ETH, while providing hardware acceleration and cloud services to other Web3 protocols. Aligned is collaborating with industry leaders to create high performance computing infrastructure that is faster, more efficient, and purpose-built to meet the demands of the growing decentralized ecosystem.

Marketing Technology News: Nebula Graph Takes Another Step to Lead Global Graph Database Market With the Release of V3.0.0

Picture of Globe Newswire

Globe Newswire

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

You Might Also Like