A new blockchain startup called Altius Labs has been established by Anit Chakraborty and Annabelle Huang. The company aims to assist crypto projects in achieving success similar to that of the Solana network.

Altius Labs has successfully raised $11 million in a pre-seed funding round. This funding was co-led by a prominent venture capital firm and a digital-asset investment company.

The funding was secured through a simple agreement for future equity and token warrants, as confirmed by the founders in a recent interview.

📎 Related coverage from: bloomberg.com