3amClub
3amClub|Feb 19, 2025 04:34
📢 Ma Yin Broadcast Altius Labs completes $11 million Pre Series funding round Founders Fund and Pantera Capital lead the investment, with participation from well-known institutions such as Archetype, Reforge, DCG, Amber Group, etc Angel investors come from projects such as Berachain, Movement, Solana Foundation, etc Altius Labs was co founded by Anit Chakraborty (former Hudson River Trading software engineer) and Annabelle Huang (former Amber Group managing partner), dedicated to developing a modular execution stack that is independent of virtual machines (VMs). This stack can be implemented independently of binary and network design, providing seamless integration with any L1, L2, and application chain to enhance performance and interoperability Highlights: $11 million financing, led by top investment institutions Provide a modular execution stack to enhance cross chain interoperability and performance Supported by angel investors from projects such as Solana Goal: • Help the encryption project replicate Solana's success and improve interoperability between L1 and L2 Promote technological innovation and application development of decentralized ecosystems AltiusLabs blockchain encryption PreSeed financing technology innovation Solana
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