Aligned Layer, a verification and aggregation layer built on EigenLayer, has achieved a remarkable milestone by securing $20 million in Series A funding merely two months after completing a $2.6 million seed round. This swift funding progression is a rare occurrence in the industry. The seed round was led by Lemniscap, StarkWare, and O(1)Labs, while Hack VC and dao5 participated in the Series A round.

Aligned Layer has garnered significant attention from venture capital investors due to its innovative approach to verification and aggregation. By leveraging the security of Ethereum validators, Aligned Layer efficiently verifies SNARK proofs, offering a cost-effective solution. Its potential applications extend beyond Ethereum, enabling other chains to verify data efficiently.

Developed by Yet Another Company, an Ethereum infrastructure startup, Aligned Layer operates by receiving proofs from various proof systems and verifying them using dedicated validators. The verified results are then published to Ethereum, providing an economically efficient storage strategy.

Aligned Layer's potential use cases span various categories, including Rollups, application chain soft finality, fast bridging, SNARK-based P2P protocols, public chains interoperable with Ethereum, machine learning, ZK oracles, identity verification protocols, on-chain games, and more. Currently, it supports multiple proof systems, including Cairo STARK's Platinum Prover and Mina's Kimchi.

With its rapid growth and innovative technology, Aligned Layer is poised to revolutionize the verification and aggregation landscape. Its testnet, launched in March, will migrate to the EigenLayer testnet, further solidifying its position in the industry.