The Rollup as a Service protocol AltLayer has completed a $14.4 million strategic round of financing, led by Polychain Capital and Hack VC

ChainCatcher news, according to CoinDesk, the Rollup-as-a-Service protocol AltLayer has completed a $14.4 million strategic funding round, led by Polychain Capital and Hack VC. OKX Ventures, HashKey Capital, Bankless Ventures, Primitive Ventures, SevenX, Mask Network, IOSG, and TRGC also participated in this round, which concluded in September 2023. The statement said that the new funds will be used to expand the AltLayer team and further develop its Rollup infrastructure, and AltLayer did not disclose its valuation.

It is reported that AltLayer is a platform aimed at launching native and re-staked Rollups, supporting both Optimistic and ZK Rollup stacks.