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Aleo

Unicorn · $1.4B

Founded 2019 · 37 employees on LinkedIn · 4 known investors

Provable builds developer tools and infrastructure for zero-knowledge applications on the Aleo blockchain, including the Leo programming language, snarkOS/snarkVM runtime, and SDK for developers to create privacy-focused blockchain applications.

Also known as Aleo Network · Aleo Systems · Provable

Founders & leadership

Aleo was founded in 2019 by Howard Wu.

HWHoward Wu
Howard WuinCo-Founder & CEOHoward Wu is the Founder of Aleo and CEO of Provable, an Aleo Labs company, and has contributed work in zero-knowledge proofs and elliptic-curve cryptography, such as Zexe and DIZK, used by protocols including Ethereum, Zcash, and Aleo. He graduated from UC Berkeley with a research background in cryptography, computer security, and verifiable computing.

Investors · 4

Also in the syndicate · 1

Koralead

Company profile

researched Aug 2026

Provable develops zero-knowledge technology and developer tooling for Aleo, a privacy-oriented layer-1 blockchain. Its product line includes Shield, a wallet-style product for moving stablecoins privately; Leo, a purpose-built programming language for writing zero-knowledge smart contracts; and an Aleo block explorer for browsing transactions, programs, validators, staking and DeFi activity on the network. Developer resources include a Leo playground, an SDK, ARC standards documents, the snarkOS node implementation, the snarkVM execution layer and developer documentation (sources [0][2]).

Aleo itself is described as an open-source, private-by-default and programmable layer-1 blockchain that uses zero-knowledge proofs and off-chain computation: users execute transactions locally, computations are compressed into zero-knowledge proofs, and nodes verify those proofs, so inputs and outputs remain private unless the user chooses to reveal them. The platform supports general programmability beyond asset transfers, such as identity applications (source [6]). Historical company-profile coverage describes Aleo as a private application-building platform whose products included developer docs, the Leo language, an Aleo Explorer for Testnet 3 and the Aleo Studio IDE (source [5]).

Provable maintains the Aleo Stack — snarkOS, Leo, snarkVM and the Aleo SDK — and ships coordinated releases with consensus upgrades scheduled across canary, testnet and mainnet networks. Recent releases added native Keccak/SHA-3 plus ECDSA signature-verification opcodes for on-chain interoperability with ecosystems such as Ethereum, raised the maximum array element limit from 32 to 512, sped up node syncing up to fivefold, stabilized transaction and solution broadcast, added a local `leo devnode` end-to-end testing client, JSON output for the Leo CLI, qualified external structs, and program-edition handling (sources [3][4]).

Compiled by commissioned research from 7 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Addresses (Aleo network, per Provable site)Jan 20262M+
Deployed programs (Aleo network, per Provable site)Jan 2026200+
EmployeesApr 202355 people
Estimated annual revenueJan 2022$4.5M
Registered trademarksApr 202310 trademarks
Total funding raised (reported)Apr 2023$298M
Total transactions (Aleo network, per Provable site)Jan 202612M+
Valuation (as reported in company profile)Feb 2022$1.4B

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 2

by search overlap

Companies competing with Aleo for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 6

launches, deals, and filings
Feb 2026
Aleo Stack v4.5.0 released

Release introducing consensus upgrade V13, a hard cap of 5,000,000,000 ALEO on total credit supply via ARC-0047, the leo devnode local E2E testing client, a --json-output flag in the Leo CLI, qualified external structs and program edition handling; mainnet hard fork scheduled at block 16,847,884 on March 14.

source ↗

Jan 2026
Shield Swap opened to early access

Provable announced early access to Shield Swap, described as a confidential trading venue built for compliance; shield_swap.aleo and shield_swap_router.aleo programs appear in live Explorer transactions.

source ↗

Oct 2025
Aleo Stack v4.3.0 released

Release of snarkOS and Leo adding native Keccak+ECDSA signature verification opcodes, an increased maximum array size limit (32 to 512), up to 5x faster node syncing and more stable transaction/solution broadcast; mainnet consensus change ConsensusVersion V11 scheduled for ~November 4, 2025.

source ↗

Dec 2023
Alex Pruden steps down as CEO to lead Aleo Foundation

Alex Pruden announced his resignation as CEO and became executive director of the newly established Aleo Foundation.

source ↗

Sep 2022
Alex Pruden becomes CEO

Alex Pruden, previously chief strategy officer (from November 2020) and COO (from April 2021), became CEO of Aleo in September 2022.

source ↗

Dec 2021
Incentivized testnet (Testnet2) launched

Aleo launched its incentivized testnet, testnet2, on December 6, 2021, followed by an announced Testnet 3 in 2022.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

Research sources · 7

primary sources listed
  • Aleoprovable.com · web

7 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Aleo do?
Provable builds zero-knowledge developer tooling and privacy products for the Aleo layer-1 blockchain.
Who founded Aleo?
Aleo was founded by Howard Wu in 2019.
Who are Aleo's investors?
Aleo's investors include Andreessen Horowitz, Coinbase Ventures, SoftBank Vision Fund.