Key Information:
- The recent funding of $20 million elevates aPriori’s total capital to $30 million, with notable investors like Pantera Capital, HashKey Capital, and IMC Trading.
- aPriori is adapting high-frequency trading strategies for decentralized finance (DeFi) to mitigate issues such as significant spreads and maximal extractable value (MEV) leakage, redistributing MEV to stakers.
- The startup has introduced a liquid-staking platform alongside an AI-enhanced DEX aggregator called Swapr, aiming to optimize product scaling and hiring efforts.
Embargoed Content:
UNDER EMBARGO UNTIL AUG 28 9AM ET Former engineers from Jump Trading, Coinbase, and Citadel Securities have successfully raised $20 million in recent funding for their trading infrastructure firm aPriori, increasing their total funding to $30 million.
The funding round was backed by HashKey Capital, Pantera Capital, Primitive Ventures, IMC Trading, and others, as per a press release.
Based in San Francisco, aPriori is developing what it defines as an execution layer for on-chain markets tailored for high-performance Ethereum Virtual Machine (EVM) networks. The company employs high-frequency trading techniques to alleviate prevalent crypto market challenges such as significant spreads and MEV leakage.
Founder Ray Song explained that their system redistributes MEV to stakers to enhance yields and network coherence.
aPriori aims to expand employment opportunities, accelerate product launches, and strengthen alliances within the trading and staking ecosystem using the newly acquired funds.
