Several other high-profile investors contributed to the raise, including Coinbase Ventures and Galaxy Digital.
Aleo, a privacy-focused blockchain, has secured $28 million in investments to bring its zero-knowledge applications to a wider market.California-based venture capital firm Andreessen Horowitz led the private investment round. Notable contributions also came from Coinbase Ventures, Galaxy Digital, Variant Fund, Polychain Capital and the Joseph Lubin-led Ethereal Ventures, among others. Described as the “first platform for fully private applications,” Aleo uses a cryptography technique called zero-knowledge proof, or ZKPs, to achieve scalability, privacy and interoperability for off-chain transactions.Perhaps the most notable blockchain use case for ZKP is Zcash, a privacy-focused cryptocurrency that rose to prominence for its special iteration of ZKP known as zk-SNARKs.Katie Haun, general partner at Andreessen
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