According to The Block, Alta has completed a $47.5 million Series A funding round, led by Index Ventures, with participation from GV, Blackbird Ventures, Square Peg, and Capital 49. Combined with its previous $32.5 million seed round, the company's total funding has reached $80 million. Alta plans to build blockchains featuring privacy and compliance controls for banks and payment institutions, and intends to connect payment networks in partnership with early collaborator Airwallex. The company did not disclose its valuation, and clarified that the $80 million represents total cumulative funding rather than the amount raised in this round.