Aleo - About the company
Aleo is a series B company based in San Francisco (United States), founded in 2019 by Raymond Chu, Howard Wu, Collin C and Michael Beller. It operates as a Blockchain-based network for developers. Aleo has raised $228M in funding from investors like Andreessen Horowitz, Kora and SoftBank Vision Fund, with a current valuation of $1.45B. The company has 95 active competitors, including 56 funded and 3 that have exited. Its top competitors include companies like StarkWare, Matter Labs and Optimism.
Sectors and market segments that Aleo operate in
Aleo serves in the High Tech, Blockchain Technology market segments.The primary business model of Aleo are:Company Details
Blockchain-based network for developers. Its features of the platform include a zero-knowledge IDE, package manager, etc. The platform features enable developers to build custom cross-platform mobile applications.
- Website
- aleo.org
- Social
Key Metrics
Founded Year
2019
Location
San Francisco, United States
Stage
Series B
Total Funding
$228M in 3 rounds
Latest Funding Round
Post Money Valuation
$1.45B as on Feb 07, 2022
Investors
Ranked
2nd among 95 active competitors
Employee Count
149 as on Mar 31, 2026
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Aleo's funding and investors
Aleo has raised a total funding of $228M over 3 rounds. Its first funding round was on Apr 09, 2021. Aleo has 19 institutional investors and 1 angel investor.
Here is the list of recent funding rounds of Aleo:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 05, 2025 | $480K | Series B | - | - | - | - |
Feb 07, 2022 | $200M | Series B | $1.45B | - | ||
Apr 09, 2021 | $28M | Series A | - | - |
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Aleo's founders and board of directors
Founder? Claim ProfileThe founders of Aleo are Raymond Chu, Howard Wu, Collin C and Michael Beller. Howard Wu is the CEO of Aleo.
Here are the details of Aleo's key team members:
- Raymond Chu: Co-Founder of Aleo and founder of 1 other company.
- Howard Wu: Co-Founder & CEO of Aleo.
- Collin C: Co-Founder of Aleo and founder of 1 other company.
- Michael Beller: Co-Founder of Aleo.
View details of Aleo's Founder profiles and Board Members
Aleo's employee count trend
Aleo has 149 employees as of Mar 26. Here is Aleo's employee count trend over the years:
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Aleo's Competitors and alternates
Top competitors of Aleo include StarkWare, Matter Labs and Optimism. Here is the list of Top 10 competitors of Aleo, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Blockchain-based platform offers zero-knowledge proof roll-up solutions | $287M | 76/100 | ||
2nd | Aleo 2019, San Francisco (United States), Series B | Blockchain-based network for developers | $228M | 73/100 | |
3rd | _1568884509297.png?devicePixelRatio=2&height=30&width=30){kind=logo} Matter Labs 2019, Berlin (Germany), Series C | Finance infrastructure for blockchain privacy with verifiable computation | $458M | 71/100 | |
4th |  Optimism 2019, New York City (United States), Series B | Blockchain-based platform for optimistic rollup and executing smart contracts | $175M | 71/100 | |
5th |  Scroll 2013, Seychelles, Series B | Blockchain-based network for EVM-compatible solutions | $80M | 64/100 | |
6th | Offchain Labs 2018, Princeton (United States), Series B | Developer of solutions for Ethereum smart contracts | $124M | 64/100 | |
7th | Blockchain-based application development platform for developers | $4M | 63/100 | ||
8th |  Movement Labs 2023, San Francisco (United States), Series A | Provider of technology and experimental methods to build power for marginalized communities | $41.4M | 59/100 | |
9th | Online platform for decentralized zero knowledge rollup | $37M | 59/100 | ||
10th |  Nexus 2022, San Francisco (United States), Series A | Open source based parallel scala compilers | $27.2M | 57/100 |
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Aleo's Investments and acquisitions
Aleo has made 2 investments in IDPartner and Nucleo. Aleo has not made any acquisitions as of now.News related to Aleo
Filter this listMedia has covered Aleo for a total of 12 events in the last 1 year, 5 of them have been about company updates and 5 about partnerships.
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Aleo Network Foundation Appoints Kyle Zink as Chief Marketing OfficerGlobal FinTech Series•Feb 26, 2026•Aleo
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Provable & Aleo Launch Shield Wallet for Private StablecoinsGlobal FinTech Series•Feb 18, 2026•Aleo, Provable
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Aleo and Paxos Labs Launch Privacy-Focused Dollar Stablecoin Aimed at InstitutionsCoinDesk•Oct 01, 2025•Aleo, Paxos
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Aleo Network Foundation Joins Binance Alpha, expanding access to privacy-first blockchainGlobeNewswire•Sep 14, 2025•Aleo, Binance
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Aleo Network Foundation & Request Finance Launch Private Crypto PayrollBusiness Wire•Sep 05, 2025•Aleo, Request Finance
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Aleo Network Foundation Partners with Revolut to List ALEO TokenGlobal FinTech Series•Aug 13, 2025•Aleo, Revolut
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Privacy-minded Blockchain Aleo Raises $200M Prior to Mainnet LaunchBlockworks•Mar 05, 2025•Aleo, Kora, SoftBank Vision Fund, Tiger Global Management and 4 others
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ALEO, a Groundbreaking Privacy-Centric Blockchain, Will Be Listed on CoinW ExchangeGlobeNewswire•Sep 25, 2024•CoinW, Aleo
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