Aleo
Financials
Estimates*
USD | 2021 | 2022 | 2023 |
---|---|---|---|
Revenues | 7.0m | 8.5m | 25.2m |
% growth | - | 21 % | 196 % |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$28.0m | Series A | ||
* | $200m Valuation: $1.5b | Series B | |
Total Funding | $228m |
Related Content
Recent News about Aleo
EditAleo.org is a pioneering startup in the realm of digital privacy and decentralization. It provides a platform for building full-stack, private applications using zero-knowledge (ZK) technology. In simple terms, ZK allows for data transactions where one party can prove to another that they know a value, without conveying any information apart from the fact they know the value. This ensures uncompromising speed and privacy.
Aleo's clients are primarily developers and businesses looking to build applications that require high levels of privacy and security. The startup operates in the rapidly growing market of blockchain and cryptocurrency, where decentralization, scalability, and privacy are highly sought-after features.
Aleo's business model is based on providing a platform for ZK-powered smart contracts. These are self-executing contracts with the terms of the agreement directly written into code, providing a secure, fast, and private way of conducting transactions. Aleo's platform is fueled by its unique consensus protocol, AleoBFT, which ensures the reliability and security of these contracts.
The startup also offers a powerful virtual machine for zero-knowledge execution, which allows for efficient proof generation and unlimited runtime. This makes it easier for developers to build applications that require complex logic while maintaining privacy and security.
Aleo generates revenue through its platform by charging fees for the use of its smart contract platform and other services. It also raises funds through investments and partnerships, as evidenced by its recognition as one of the top 5 fastest-growing ecosystems for developers by Electric Capital.
Keywords: Zero-Knowledge, Decentralization, Scalability, Privacy, Blockchain, Cryptocurrency, Smart Contracts, AleoBFT, Virtual Machine, Developer Ecosystem.