Aptos Labs
Aptos Labs is a L1/L2 Blockchains company founded in 2021 and based in Palo Alto, United States. It has raised $350M in total funding, most recently a Series A in 2022.
Aptos Labs was founded in 2021 in Palo Alto by Mo Shaikh and Avery Ching, both formerly of Meta's Diem (Libra) blockchain project, to continue developing the Move programming language and a production Layer 1. The Aptos mainnet launched in October 2022. The network emphasizes parallel transaction execution via its Block-STM engine, the Move language for safe asset handling, and frequent validator upgrades. Aptos Labs raised roughly $350 million across a 2022 seed round backed by a16z and a $150 million Series A co-led by FTX Ventures and Jump Crypto, reportedly at multi-billion-dollar valuations. Co-founder Mo Shaikh stepped down as CEO in December 2024, with co-founder Avery Ching taking over the role. Aptos Labs has since built Shelby, a hot-storage network developed with Jump Crypto, struck a tokenization partnership with tZERO, and the Aptos network carries more than $540 million in on-chain real-world assets.
Aptos is one of the two flagship Move-language L1s to emerge from Meta's Diem team (with Sui), and a high-throughput chain courting payments and institutional tokenization use cases.
aptoslabs.com ↗·L1/L2 Blockchains·
United States·private 
