aPriori Secures $20 Million in Funding for Trading Infrastructure Development
Funding Announcement
aPriori, a trading infrastructure startup based in San Francisco, has raised $20 million in funding, increasing its total capital to $30 million. Key points include:
- Participants in the funding round include HashKey Capital, Pantera Capital, Primitive Ventures, IMC Trading, GEM, Gate Labs, Ambush Capital, and Big Brain Collective.
- aPriori focuses on building an execution layer for on-chain markets tailored for high-performance Ethereum Virtual Machine (EVM) networks.
- The firm aims to address issues in crypto markets like wide spreads and maximal extractable value (MEV) leakage using high-frequency trading practices.
- Founder Ray Song stated that the system segments order flow in real time and redistributes MEV to stakers to improve yields.
- Products developed by aPriori include a liquid-staking platform and an AI-powered decentralized exchange aggregator named Swapr.
- Pantera Capital highlighted aPriori's technical capabilities to align traditional execution standards with decentralized finance.
- New funds will be allocated to expand hiring, accelerate product development, and strengthen partnerships in the trading and staking ecosystem.