#Bitcoin infrastructure company Alpen Labs raises $8.5 million in funding#
Hot Topic Overview
Overview
Bitcoin infrastructure company Alpen Labs announced today the completion of an $8.5 million strategic funding round led by DBA and Cyber Fund, with previous investors Ribbit Capital, Castle Island Ventures, and Geometry participating. The funding will be used to accelerate the development of its Bitcoin ZK Rollup, "Strata," with a planned mainnet launch in 2025. Strata will be launched as an open platform, aiming to expand and promote Bitcoin use by unlocking more utility for the network such as easy self-custody, privacy-preserving payments, interoperability, Bitcoin-backed lending and stablecoins. Alpen Labs previously raised $10.6 million in April 2024, and this latest funding round further highlights the market's strong belief in Bitcoin Layer 2 solutions.
Ace Hot Topic Analysis
Analysis
Alpen Labs, a Bitcoin infrastructure company, has announced the closing of an $8.5 million strategic funding round led by DBA and Cyber Fund, with previous investors Ribbit Capital, Castle Island Ventures, and Geometry participating. The funds will be used to accelerate the development of Strata, the company's Bitcoin ZK Rollup project, which is expected to launch on mainnet in 2025. Strata will be launched as an open platform, aiming to expand and facilitate the use of Bitcoin, unlocking numerous practical features for Bitcoin, including simple self-custody, intuitive and privacy-preserving payments, interoperability, Bitcoin-backed lending and stablecoins, and other on-chain applications. Strata will be made available to the public next month with the release of its upcoming testnet. Notably, Alpen Labs had already secured $10.6 million in funding led by Ribbit Capital in April of last year. This latest round of funding further demonstrates investor confidence in Alpen Labs and its Bitcoin ZK Rollup project, Strata, signifying the tremendous potential within the Bitcoin infrastructure space.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Alpen Labs is developing a Bitcoin ZK Rollup project called Strata, aiming to scale and empower the use of Bitcoin.
Strata will launch as an open platform, unlocking numerous utility features for Bitcoin such as easy self-custody, intuitive and privacy-preserving payments, interoperability, Bitcoin-backed lending and stablecoins, and more.
Alpen Labs has secured $8.5 million in strategic funding led by DBA and Cyber Fund, with continued participation from seed round investors Ribbit Capital, Castle Island Ventures, and Geometry.
Strata is slated to launch its mainnet in 2025 and will open to the public next month with the upcoming release of its testnet.