DeFi infra firm Aligned raises $34M in latest funding round

DeFi and Web3 infrastructure firm Aligned announced Thursday that it has raised $34 million in seed funding. With the fresh capital, the company plans to strengthen and widen its core product offering for prominent Ethereum-capital blockchains.

The round saw participation from several institutional investors, including GSR, Altium Capital, and Cavalry Fund. Individual investors Steve Wiggins, Gryphon Digital Mining executive Chris Ensey, and ConsenSys alum and DARMA Capital founder Andrew Keys also participated in the funding.

The company said in the press release:

“Aligned delivers a robust suite of product offerings, including solutions for mining and high-performance computing, staking and liquidity provisioning, while supporting decentralization through an immutable, full-stack infrastructure for DeFi. Aligned is designed to support a future built on natively decentralized technologies.”

Aligned is founded by the former Chief Strategy Officer of ConsenSys Sam Cassatt. The firm currently offers blockchain solutions for mining, staking, and liquidity provisioning for Ethereum compatible blockchains.

“We see Aligned as Web3’s answer to AWS,” Cassatt said in a statement, revealing the company’s future plans. “We are building custom hardware, tooling, and infrastructure at every layer of the stack, which enables us to support decentralized networks and leverage the crypto assets needed to operate decentralized tech.”

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