The private layer-2 chain Aztec Network announced on Dec. 15 a $100 million Series B funding round led by venture capital firm a16z crypto. Other investors in the round include A Capital, King River, Variant, SV Angel, Hash Key, Fenbushu and AVG.
By partnering with a16z, the company plans to hire new engineers and build a "next-generation encrypted architecture" that allows users to verify that blockchain rules were followed without revealing any underlying information. Encrypted blockchains allow users to transact with privacy and anonymity.