Web3 infrastructure startup Aligned exits stealth with $34M in funding at an unspecified valuation. Aligned was formed by Sam Cassatt, the former Chief Strategy Officer of ConsenSys. The announcement states that the primary objective of the round was to increase Aligned’s presence in the high-performance computing market.
Crypto market maker and Aligned ecosystem partner GSR were one of the investors in this round, along with Altium Capital, Calvary Fund, and a number of private investors, such as film producer and sports agent Happy Walters.
Sam Cassatt said: “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.”
Top-Notch Technology for Ethereum-Compatible Blockchains
Technology for mining, staking, and liquidity provisioning for Ethereum-compatible blockchains, including layer 2 networks, as well as notable blockchains and developing architectures, are all part of the product range offered by Aligned, which is based in Puerto Rico.
The proliferation of blockchains based on the proof-of-stake consensus model has led to an increase in the need for staking and validators. Aligned offers on-chain liquidity provisioning, and the company claims that it has, to date, facilitated the deployment of 15,000 ETH (about $440.5 million) throughout the decentralized finance (DeFi) ecosystem.
Cassatt further said: “You need three basic things to make a DeFi application work, and we provide all of them: 1. liquidity/money in the protocol, 2. software that sends the transactions and runs the blockchain, and 3. computers to run it on, in our case specialized hardware that is designed for this use. Taken together, this is a ‘full-stack’ infrastructure since it works and operates at these layers in a vertically integrated way.”

According to the company, it is collaborating with clients such as Neptune DAO, which offers liquidity to emerging DeFi projects, in order to distribute liquidity to those platforms. In recent weeks, crypto infrastructure companies have become favorites of venture capitalists, as seen by Blockdaemon’s successful fundraising of $207 million at a valuation of $3.25 billion and Alchemy’s successful fundraising of $200 million at a valuation of $10 billion.
Designing and Deploying Cutting-Edge Blockchain Solutions
Since the beginning of 2020, Aligned has been in the process of being developed. During this time, a renowned team with years of experience in high-speed computing, data center management, Web3 infrastructure, telecoms, and asset management has been discreetly assembling. This team also comprises crypto-native DeFi builders and power users.
Aligned delivers an exceptional track record of designing and deploying cutting-edge blockchain solutions, thanks to the company’s broad expertise across Web3 technology and financial services. In the area of DeFi, Aligned is allowing rapid adaptability and scalability thanks to its early mover advantage and its world-class team.
Since Web3 infrastructure startup Aligned exits stealth with $34M in funding, it is intended to foster a future based on natively decentralized technologies, such as Zero-knowledge proofs, which will decrease dependency on centralized infrastructure with single points of failure. This crowdfunding is just the beginning of what is going to be a breakthrough year for Aligned. The Aligned team has big ambitions to enhance every layer of the blockchain, from the data centers to the DeFi applications, and this is only the start of it.
Read More: news.google.com