Bitcoin infrastructure Alpen Labs completes $8.50 million strategic financing, led by Cyber Fund

Alpen Labs, a financial infrastructure on the Bitcoin blockchain, announced the completion of a $8.50 million strategic financing round, led by DBA and Cyber Fund. Ribbit Capital, Castle Island Ventures and Geometry were the largest investors in its seed round and once again supported Alpen in this round of financing. This round of funding will help it accelerate the development of Bitcoin ZK Rollup "Strata" and release it to the mainnet in 2025.