Techub News reported that Altius Labs, a Block chain development company, has completed a $11 million Pre-Seed round of financing. Founders Fund and Pantera led the investment, with participation from institutions such as Archetype, Reforge, DCG, No Limit Holdings, and Amber Group, as well as individual investors from projects such as Berachain, Movement, Ethena Labs, Ritual, dao5, Solana Foundation, and Hudson River Trading, among others, as angel investors.
Altius Labs was founded by Anit Chakraborty, a software engineer at Hudson River Trading, and Annabelle Huang, former managing partner at Amber Group. Altius is building a VM-agnostic modular execution stack that is decoupled from single-binary implementations and network designs, enabling seamless integration with any L1, L2, and application chains to immediately improve performance and enhance interoperability.
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