PANews reported on February 18 that according to Bloomberg, crypto startup Altius Labs completed a $11 million Pre-Seed round of financing, led by Founders Fund and Pantera, with participation from Archetype, Reforge, DCG, No Limit Holdings, Amber Group, etc. In addition, angel investors from projects such as Berachain, Movement, Ethena Labs, Ritual, dao5, Solana Foundation, and Hudson River Trading also participated in this round of financing.

Altius Labs was co-founded by Anit Chakraborty, a former software engineer at Hudson River Trading, and Annabelle Huang, a former managing partner at Amber Group. It is committed to developing a modular execution stack that is independent of virtual machines (VMs) and can be independent of single binary implementations and network designs to achieve seamless integration with any L1, L2, and application chains to improve performance and enhance interoperability. The goal of the project is to help other crypto projects replicate Solana's success.