Chaos Labs, NYC-based onchain risk management company, raised $55M in Series A funding.
The round was led by Haun Ventures with participation from F-Prime Capital, Slow Ventures, Spartan Capital, Lightspeed Venture Partners, Galaxy Ventures, Wintermute Ventures, PayPal Ventures, General Catalyst, Bessemer Venture Partners, Coinbase Ventures, Kevin Weil (OpenAI CPO), Michael Shaulov (Fireblocks CEO), Anatoly Yakovenko (Solana CEO), Francesco Agosti (Phantom CTO), and Anton Katz (Talos CEO).
The company intends to use the funds to accelerate new product development and scale its risk management platform.
Led by Omer Goldberg, Founder and CEO, Chaos Labs provides solutions for the onchain financial landscape. Its risk platform provides comprehensive economic security for crypto protocols through advanced monitoring, real-time simulations, and risk oracles. The company enables protocols to verify stability across all market conditions, merging offchain observability with onchain risk parameter adjustments. This empowers DeFi applications to adapt instantly to market volatility, allowing teams to monitor health, execute proactive changes, protect user funds, and optimize capital efficiency.
In the past year, the company tripled its customer base. Today, more than 20 protocols including Aave, GMX, and Jupiter, rely on Chaos Labs to secure, monitor, and grow their products. Chaos Labs technology has secured $860B in cumulative trading volume, $25B in loans, and $35M in incentives.
FinSMEs
15/08/2024