Aptos Labs company
Overview
Aptos Labs is a blockchain technology company headquartered in Palo Alto, California, best known for developing Aptos, a Layer-1 blockchain. It was founded in 2021 by Avery Ching and Mo Shaikh, both former Facebook/Meta employees, following the dissolution of Meta's Diem stablecoin and blockchain project; many other former Libra/Diem staff subsequently joined. The Aptos blockchain uses the Move programming language and was designed to address scalability and efficiency limitations the founders saw in existing chains. Aptos Labs raised roughly $400 million in total — a $200 million series seed and a $200 million Series A — with backers including Andreessen Horowitz, Apollo Global Management and Franklin Templeton; a July 2022 round of $150 million was led by FTX Ventures and Jump Crypto with participation from Apollo, Griffin Gaming Partners, Franklin Templeton, Circle Ventures and Superscrypt. The company has partnered with Microsoft on blockchain-AI integration and with Google Cloud, which provides infrastructure and runs an Aptos validator, and worked with NBC Universal on blockchain-based digital experiences. It is one of 11 firms selected for the second phase of Hong Kong's e-HKD CBDC pilot, testing tokenised fund settlement with Boston Consulting Group and Hang Seng Bank. Aptos Labs was founded in 2021 out of the wreckage of Meta's Diem project. In February 2023 it made an equity investment in the short-video app Chingari. In October 2024 it entered the Japanese market by acquiring HashPalette Inc., developer of Palette Chain, and in November 2024 led a $10 million round for gaming network KGeN at a $500 million valuation. On 19 December 2024 Mo Shaikh stepped down as CEO to 'start a new chapter' while remaining a strategic adviser, succeeded by co-founder and CTO Avery Ching.
Within the DeFi Intel graph, Aptos Labs connects to 6 tracked entities, most strongly to Aptos, Securitize $47M Strategic Round, Mo Shaikh.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 6 of 6 total).
| Relation | Connected entity | Confidence |
|---|---|---|
developed_by | Aptos | 95% |
participated | Securitize $47M Strategic Round | 90% |
founded_by | Mo Shaikh | 90% |
founded_by | Avery Ching | 90% |
headquartered_in | United States | 85% |
invested_in | Hashed | 70% |
Frequently asked questions
What is Aptos Labs?
Aptos Labs is an infrastructure tracked in the DeFi Intel knowledge graph. It is connected to 6 other tracked entities, most strongly to Aptos, Securitize $47M Strategic Round, Mo Shaikh.
What type of entity is Aptos Labs?
Aptos Labs is classified as an infrastructure (company) in the DeFi Intel knowledge graph.
What is Aptos Labs connected to?
In the DeFi Intel knowledge graph, Aptos Labs is linked to 6 other tracked entities, most strongly to Aptos, Securitize $47M Strategic Round, Mo Shaikh.
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