EigenLayer-Powered Aligned Layer Raises $20M to Make ZK Proofs Faster, Cheaper on Ethereum
Summary
Ethereum verification protocol Aligned Layer has raised $20 million in a Series A funding round to facilitate faster and cheaper zero-knowledge (ZK) proofs on Ethereum. The round was led by Hack VC and saw participation from DAO5, L2Iterative, NomadCapital_io, FinalityCap, Symbolic VC, and Theta Capital. Aligned Layer aims to help engineers avoid bottlenecks in proving their code and reduce the cost of building applications on Ethereum that use ZK proofs. Aligned Layer is an actively validated service of EigenLayer, a crypto project focused on "restaking". Eigen Labs, the developer of the project, previously raised $100 million from Andreessen Horowitz in February.
