DeFi

Aperture Finance Secures Series A Funding at a Fully Diluted Valuation of $250M to Build Intent-Based Architecture for DeFi

Published

8 months ago

28 May, 2024

Digital Finance News Staff

$APTR

native platform token scheduled for release on May 31, 2024

MOUNTAIN VIEW, Calif., May 28, 2024 /PRNewswire/ —

Opening financing

, a decentralized finance ( DeFi ) platform pioneering AI-based intentions, has raised a Series A funding round, bringing the total of all rounds to $12 million and valuing the project at $250 million of dollars. The round was led by leading venture capital firms including Skyland Ventures, Blockchain Founders Fund and Krypital Group, with participation from notable investors like Alchemy, SNZ, Stratified Capital, Tide, Cipholio, ViaBTC, CatcherVC and Double Peak. Previous rounds included participation from ParaFi Capital, Arrington Capital, Divergence, Blockchain Founders Fund, Laser Digital (Nomura Group), Skyland Ventures, Costanoa, Rarestone, Krypital Group, Big Brain Holdings, LD Capital, ViaBTC, Cipholio, Double Peak, Athena Ventures. , Coinseeker, Artemis Capital and AWS.

Aperture Finance is innovating the use of Intents, a new approach designed to streamline complex DeFi operations. Unlike traditional transactional methods, intents allow users to specify desired outcomes, simplifying interactions with DeFi protocols and improving accessibility. This innovative system leverages Uniswap V3, allowing users to declare end goals, such as rebalancing liquidity at specific price levels, with trades executed only when these conditions are met. The platform is already available on 9 EVM-enabled chains, processing a trading volume of over $2.7 billion with over 280,000 unique users and over 15,000 daily active users.

“The Intents architecture bridges the gap between sophisticated financial strategies and everyday DeFi users,” said Yonkuro, head of crypto at Skyland Ventures. “By allowing users to express their financial goals in natural language, Aperture makes advanced DeFi tools accessible to a broader audience, from retail investors to institutional players.

The platform’s decentralized network of solvers calculates optimal transaction flows, which are then simulated and ranked by Aperture’s smart contracts. Initially launched with a centralized solver, the network has expanded to third-party solvers including Propeller Heads and Enso Finance, with more solvers like Tokka Labs expected to join in Q3 2024.

Aperture plans to further leverage its Large Language Model (LLM) interface, which will convert user intentions expressed in natural language into a domain-specific language (DSL) that can be codified into a string. This feature aims to ensure clarity and accuracy of user instructions, further democratizing access to complex financial instruments.

“Aperture Finance is committed to reducing the learning curve of DeFi and providing more strategic options for our users,” said Peter Tan, Head of Product at Aperture Finance. “Our goal is to offer the same level of execution and pricing typically reserved for large institutions, making DeFi more inclusive and efficient.”

The new funding will support the development of Aperture’s Intents infrastructure, expand its solver network, and improve the user experience with the upcoming LLM integration. This investment highlights growing confidence in Aperture Finance’s potential to transform the DeFi landscape.

Following a successful airdrop campaign with the participation of over 300,000 users, Aperture Finance will launch its $APTR token on Bybit on May 31, 2024.

About Aperture Finance

Aperture Finance is a pioneer in AI-driven intentions to improve the DeFi experience. Featuring an IntentsGPT interface and AI-driven intelligent solver simulation, Aperture’s native solver network provides any DeFi user with institutional-grade intelligence. Combining the brightest minds in technology and finance, the founding team includes alumni from Amazon Web Services and Google, Stanford, Cornell and UC Berkeley, as well as Citadel, JPMorgan Chase and AIG. Aperture was a member of Binance Labs’ Most Valuable Builder V cohort and participated in the CoinMarketCap (CMC) accelerator and HK Cyberport incubation programs.