About AltLayer
AltLayer is a company based in Singapore (Singapore) founded in 2021 by Jia Yaoqi.. AltLayer has raised $21.6 million across 3 funding rounds from investors including Binance, Mask Network and OKX. AltLayer offers products and services including RaaS, Verifiable AIaaS, AVSaaS, and Restaked Rollups. AltLayer operates in a competitive market with competitors including StarkWare, Immutable, Matter Labs, Optimism and Aleo, among others.
- Headquarter Singapore, Singapore
- Founders Jia Yaoqi
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Sectors
Technology
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$21.6 M (USD)
in 3 rounds
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Latest Funding Round
$14.4 M (USD), Series A
Feb 19, 2024
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Investors
Binance
& 19 more
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Employee Count
Employee Count
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Products & Services of AltLayer
AltLayer offers a comprehensive portfolio of products and services, including RaaS, Verifiable AIaaS, AVSaaS, and Restaked Rollups. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Service for launching and customizing blockchain rollups securely.
Platform for deploying verifiable AI agents in secure environments.
Tool for rapid deployment and management of AVS in ecosystems.
Technology integrating restaking for decentralized rollup security.
Funding Insights of AltLayer
AltLayer has successfully raised a total of $21.6M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $14.4 million completed in February 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $14.4M
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First Round
First Round
(01 Jul 2022)
- Investors Count 20
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Series A - AltLayer | Valuation | Polychain , Hack VC | |
| Aug, 2023 | Amount | Seed - AltLayer | Valuation | Binance |
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| Jul, 2022 | Amount | Seed - AltLayer | Valuation | Polychain , Jump Crypto |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in AltLayer
AltLayer has secured backing from 20 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Binance, Mask Network and OKX. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Web3 venture capital firm partnering on blockchain projects.
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Founded Year | Domain | Location | |
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Digital asset investments are managed by HashKey Capital globally.
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Founded Year | Domain | Location | |
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Bankless Ventures is focused on investing in Web3 pioneers.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by AltLayer
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - AltLayer
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Altlayer Comparisons
Competitors of AltLayer
AltLayer operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as StarkWare, Immutable, Matter Labs, Optimism and Aleo, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Zero-knowledge proof roll-up solutions are provided for blockchain scaling.
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| domain | founded_year | HQ Location |
Blockchain infrastructure for NFT games and applications is developed.
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| domain | founded_year | HQ Location |
Blockchain privacy is supported by verifiable computation in finance infrastructure.
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| domain | founded_year | HQ Location |
Optimistic rollups are employed for smart contract execution on Ethereum.
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| domain | founded_year | HQ Location |
Blockchain-based network is provided for developers to build applications.
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| domain | founded_year | HQ Location |
Solutions for Ethereum smart contracts are developed and customized.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Altlayer
Frequently Asked Questions about AltLayer
When was AltLayer founded?
AltLayer was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is AltLayer located?
AltLayer is headquartered in Singapore, Singapore.
Is AltLayer a funded company?
AltLayer is a funded company, having raised a total of $21.6M across 3 funding rounds to date. The company's 1st funding round was a Seed of $7.2M, raised on Jul 01, 2022.
What does AltLayer do?
AltLayer was founded in 2021 in Singapore within the blockchain sector. A general-purpose chain is operated for hosting decentralized applications on Web3. Scaling is achieved through an optimistic rollup called the flash layer. The protocol supports the deployment of Restaked rollups, which deliver elastic resources for blockchain services across various ecosystems.
Who are the top competitors of AltLayer?
AltLayer's top competitors include StarkWare, Matter Labs and Immutable.
What products or services does AltLayer offer?
AltLayer offers RaaS, Verifiable AIaaS, AVSaaS, and Restaked Rollups.
Who are AltLayer's investors?
AltLayer has 20 investors. Key investors include Binance, Mask Network, OKX, Polychain, and Hack VC.