Chaos Labs, a New York and Tel Aviv, Israel-based provider of an automated economic security system for crypto protocols, raised $20M in Seed funding.
The round was led by Galaxy and PayPal Ventures, with participation from Coinbase, Uniswap, Lightspeed, Bessemer, Hashkey and angels such as Balaji Srinivasan and Naval Ravikant.
The company intends to use the funds to expand its offerings and build out its suite of risk and security products.
Led by Omer Goldberg, Founder & CEO, Chaos Labs is a provider of an automated economic security system for crypto protocols utilizing monitoring and simulations. The company aims to scale crypto adoption by providing protocols with custom and automated economic security tooling that verifies a protocol’s durability and stability in any market condition. Its tooling allows core teams and community members to monitor protocol health and risks in real-time to execute mainnet changes before a potential vulnerability is exploited. With Chaos Labs, teams can protect user funds from market-based attacks and optimize capital efficiency.
In its first year of operations, Chaos Labs has partnered with major Decentralized Finance (“DeFi”) customers, including Aave, Chainlink, Uniswap, BENQI, and Osmosis, to secure and optimize the protocols against manipulation and black swan market events, while also offering capital optimization recommendations.
FinSMEs
21/02/2023