Altius Labs Raises $11M for Revolutionary Blockchain Tech
1min read Cryptocurrency startup Altius Labs has successfully raised $11 million in a Pre-Seed funding round, led by prominent investors Founders Fund and Pantera Capital. The round also saw participation from several other notable investors, including Archetype, Reforge, DCG, No Limit Holdings, and Amber Group, as well as institutional investors from Berachain, Movement, Ethena Labs, Ritual, dao5, Solana Foundation, and Hudson River Trading.
Altius Labs was founded by Hudson River Trading software engineer Anit Chakraborty and former Managing Partner at Amber Group Annabelle Huang. The company is developing a VM-agnostic modular execution stack that decouples from monolithic binary implementations and network designs, enabling seamless integration with any L1, L2, and application chains. This innovative approach aims to boost performance and enhance interoperability across different blockchain networks.
The funding round is a significant milestone for Altius Labs, demonstrating the growing interest and support from the investment community for innovative blockchain projects. The company's unique approach to modular execution stacks has the potential to revolutionize the way blockchain networks interact and perform, paving the way for more efficient and interoperable ecosystems.
The Pre-Seed funding round will enable Altius Labs to further develop its technology, expand its team, and explore strategic partnerships with other blockchain projects and organizations. As the company continues to grow and refine its offerings, it is well-positioned to make a significant impact on the blockchain landscape and contribute to the broader adoption of cryptocurrencies and decentralized technologies.
