News

Aligned Has Raised $34M Funding To Grow DeFi and Web3 Infrastructure

Aligned Has Raised $34M Funding To Grow DeFi and Web3 Infrastructure 3

DeFi and Web3 infrastructure company gains $34M funding

DeFi and Web3 infrastructure company Aligned, founded by Sam Cassatt, the former Chief Strategy Officer of ConsenSys, has raised $34 million in a funding round.

GSR, Altium Capital, Cavalry Fund, and Ninja4 are among the investors who have contributed to the funding.

Former ConsenSys employee and Darma Capital founder Andrew Keys, Gryphon Digital Mining executive Chris Ensey, entrepreneur Steve Wiggins, and PayPal employee Ron Patiro were among the angel investors. The money raised will be used to expand Aligned Capital’s high-performance computing capabilities.

This round of funding was provided to help Aligned in expanding its Web3 infrastructure. Aligned currently sells mining hardware for cryptocurrencies like Ethereum (ETH) and other activities. Aligned aspires to be the Amazon Web Services for Web3.

Aligned Has Raised $34M Funding To Grow DeFi and Web3 Infrastructure 4

“We are buying silicon, manufacturing and installing the custom hardware that we produce with that silicon, as well as expanding our HPC (high-performance computing) team. Most of this hardware will go into our primary data center and will be expanding to more soon,” the Aligned founder said.

The founder of Aligned believes that DeFi will continue to grow as demand rises. According to Defilama data, demand for DeFi has increased by more than 230% in the last year, from $55.36 billion to $186.55 billion in total value locked in DeFi protocols.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Hazel

CoinCu News

Andy

Recent Posts

LayerZero Witch List Introduced, False Positives Reviewed in 24 Hours!

In an announcement from LayerZero Labs CEO Bryan Pellegrino on the X platform, a temporary…

3 hours ago

Arthur Hayes Deposits $10.67M in ETH to LRT Protocol EtherFi!

BitMEX founder Arthur Hayes deposited 3,000 ETH—equivalent to approximately $10.67 m—into the LRT protocol EtherFi…

4 hours ago

Ethereum Foundation Associated Transferred $64.48M ETH!

Ethereum Foundation has gained wide appeal in the crypto community.

4 hours ago

Biden Administration Bitcoin Roundtable To Be Held To Promote U.S. Leadership In Crypto

Biden Administration Bitcoin roundtable aims to bring together top policymakers, House, and Senate, alongside prominent…

8 hours ago

FTX Bankruptcy Assets Are Now Disputed Ownership By Three Separate Groups

FTX debtors, creditor groups, and an offshore entity are all claiming FTX bankruptcy assets.

8 hours ago

LayerZero Token Airdrop Rules Announced, Early Transactions Will Be Eewarded 3x

LayerZero token airdrop rules were announced by rewarding early participants and distributing 23.8% of tokens…

9 hours ago

This website uses cookies.