{"id":57320,"date":"2022-02-07T20:12:39","date_gmt":"2022-02-07T18:12:39","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=57320"},"modified":"2025-09-04T11:08:13","modified_gmt":"2025-09-04T08:08:13","slug":"privacy-focused-aleo-project-raises-200-million","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/privacy-focused-aleo-project-raises-200-million\/","title":{"rendered":"Privacy-focused Aleo project raises $200 million"},"content":{"rendered":"<p>A privacy-focused platform for building decentralized applications, Aleo, has closed a $200 million Series B funding round. The round was led by SoftBank Vision Fund 2 and Kora Management.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\ud83c\udf89 Excited to announce Aleo has raised $200M in a <a href=\"https:\/\/twitter.com\/hashtag\/SeriesB?src=hash&#038;ref_src=twsrc%5Etfw\">#SeriesB<\/a> round led by <a href=\"https:\/\/twitter.com\/koracap?ref_src=twsrc%5Etfw\">@Koracap<\/a> and <a href=\"https:\/\/twitter.com\/SoftBank?ref_src=twsrc%5Etfw\">@Softbank<\/a>, with participation from Tiger Global, Sea Capital, <a href=\"https:\/\/twitter.com\/a16z?ref_src=twsrc%5Etfw\">@a16z<\/a>, <a href=\"https:\/\/twitter.com\/slow?ref_src=twsrc%5Etfw\">@slow<\/a>, and <a href=\"https:\/\/twitter.com\/SamsungNext?ref_src=twsrc%5Etfw\">@SamsungNext<\/a> to build the next-generation platform for private apps powered by zero-knowledge proofs.\ud83c\udf89<\/p>\n<p>\u2014 Aleo (@AleoHQ) <a href=\"https:\/\/twitter.com\/AleoHQ\/status\/1490689308457684996?ref_src=twsrc%5Etfw\">February 7, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Financing was also provided by Tiger Global, Andreessen Horowitz (a16z), Samsung Ventures, Slow Ventures, and Sea Capital.<\/p>\n<p>Under the terms of the deal, SoftBank and Kora each received one seat on Aleo&#8217;s board of directors. As of writing, the seats had not been allocated to specific representatives of the companies, said Aleo&#8217;s CEO and CTO Howard Wu in comments to <a href=\"https:\/\/www.theblockcrypto.com\/post\/133218\/aleo-raises-200-million-softbank-tiger-others-blockchain\">The Block<\/a>.<\/p>\n<p>Platform representatives added that they would expand the Aleo developer grants program from $1 million to $5 million.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">With this funding, we\u2019ll be advancing the state of zero-knowledge provers, while expanding our products and services for developers everywhere. And to accelerate our developer ecosystem, we\u2019re excited to increase the Aleo developer grants program from $1M to $5M \ud83d\udcb0 Time to build!<\/p>\n<p>\u2014 Aleo (@AleoHQ) <a href=\"https:\/\/twitter.com\/AleoHQ\/status\/1490697254830673924?ref_src=twsrc%5Etfw\">February 7, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The project aims to facilitate the creation of zero-knowledge proof-based applications used for privacy and data security.<\/p>\n<p>Aleo&#8217;s idea is an internal ecosystem that goes beyond simply building yet another privacy-protecting application, such as a virtual private network. The mainnet launch is planned for Q3 2022.<\/p>\n<p>Earlier in April 2021, the platform <a href=\"https:\/\/u1f987.com\/en\/news\/privacy-focused-aleo-project-raises-28-million-from-a16z-galaxy-digital-and-polychain-capital\">Aleo attracted $28 million<\/a> from a16z, Coinbase Ventures, Galaxy Digital, Polychain Capital and other investors.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog Feed<\/a> \u2014 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>A privacy-focused platform for building decentralized applications, Aleo, closed a $200 million Series B funding round led by SoftBank Vision Fund 2 and Kora Management.<\/p>\n","protected":false},"author":1,"featured_media":57321,"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":[1256,1133],"class_list":["post-57320","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-privacy-and-personal-data","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"26","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/57320","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=57320"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/57320\/revisions"}],"predecessor-version":[{"id":57322,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/57320\/revisions\/57322"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/57321"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=57320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=57320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=57320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}