{"id":58362,"date":"2022-02-25T12:46:03","date_gmt":"2022-02-25T10:46:03","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=58362"},"modified":"2025-09-04T16:23:45","modified_gmt":"2025-09-04T13:23:45","slug":"startup-by-ex-consensys-strategy-chief-sam-cassatt-raises-34-million","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/startup-by-ex-consensys-strategy-chief-sam-cassatt-raises-34-million\/","title":{"rendered":"Startup by ex-ConsenSys strategy chief Sam Cassatt raises $34 million"},"content":{"rendered":"<p>Aligned, the startup founded by former ConsenSys chief strategy officer Sam Cassatt, has raised $34 million in funding. The firm is building Web 3.0 infrastructure.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">1\/ DeFi still has major gaps in infrastructure that are holding back the potential reach for both retail and institutions<\/p>\n<p>Here\u2019s why we raised $34M at Aligned to build Web3\u2019s answer to AWS \ud83e\uddf5<\/p>\n<p>\u2014 sam cassatt (@samcassatt) <a href=\"https:\/\/twitter.com\/samcassatt\/status\/1496922494883749897?ref_src=twsrc%5Etfw\">February 24, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to <a href=\"https:\/\/www.theblockcrypto.com\/post\/135345\/aligned-crypto-sam-cassatt-funding-web3-infra\">The Block<\/a>, Aligned was backed by GSR, Altium Capital, Cavalry Fund and Ninja4, as well as a number of angel investors. There was no lead investor in the round.<\/p>\n<p>In Cassatt&#8217;s words, the firm aims to become the cloud-service equivalent of Amazon Web Services for the future decentralised Internet. The hardware and infrastructure of the startup enable it to build such a solution, the entrepreneur says.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cWe are creating specialized hardware from a range of components. Some of them are already off-the-shelf chips. There are many applications for this hardware, and one of them is mining various cryptocurrencies, including Ethereum and others,\u201d Cassatt noted.<\/p>\n<\/blockquote>\n<p>He added that Aligned is also building staking infrastructure and is a liquidity provider in DeFi, contributing 15,000 ETH (~$39 million) to sector protocols.<\/p>\n<p>Cassatt said he plans to expand Aligned&#8217;s activities and grow the team, which currently numbers 30 people.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cBuilding data centres and manufacturing equipment are capital-intensive activities, so bringing our model to full fruition will require additional capital,\u201d he says.<\/p>\n<\/blockquote>\n<p>In February, the Web 3.0-focused startup Jambo also <a href=\"https:\/\/u1f987.com\/en\/news\/web-3-0-focused-startup-raises-7-5-million-from-coinbase-and-other-investors\">raised $7.5 million<\/a>.<\/p>\n<p>Earlier, Jack Dorsey <a href=\"https:\/\/u1f987.com\/en\/news\/electric-capital-web3-active-developers-rose-75-in-2021\">expressed skepticism about the future decentralisation of Web 3.0<\/a>. According to him, achieving this goal would be hindered by the strong influence of venture capital.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Aligned, the startup founded by former ConsenSys chief strategy officer Sam Cassatt, has raised $34 million in funding. The firm is building Web 3.0 infrastructure.<\/p>\n","protected":false},"author":1,"featured_media":58363,"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":[1133,1110],"class_list":["post-58362","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-venture-investments","tag-web-3-0"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/58362","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=58362"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/58362\/revisions"}],"predecessor-version":[{"id":58364,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/58362\/revisions\/58364"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/58363"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=58362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=58362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=58362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}