- Funding Secured: Chaos Labs, a blockchain risk management platform, has raised $55 million in a Series A funding round led by Haun Ventures.
- New and Existing Investors: The round saw participation from new investors such as Slow Ventures, Spartan Capital, and F-Prime Capital, along with existing shareholders like Bessemer Venture Partners, Coinbase Ventures, and PayPal Ventures.
- Company Background: Founded in 2021, Chaos Labs specializes in providing risk solutions for the on-chain financial sector, focusing on enhancing economic security for crypto protocols through real-time simulations and advanced risk management tools.
- Previous Funding: The company previously raised $20 million in a Seed round in February 2023.
- Performance Metrics: Since its inception, Chaos Labs has reported $860 billion in cumulative trading volume, $25 billion in loans, and $35 million in incentives.
- Customer Growth: Over the past year, the firm claims to have tripled its customer base.
- CEO’s Statement: Omer Goldberg, CEO of Chaos Labs, highlighted the volatility of crypto assets and the need for modern, dynamic data infrastructure in decentralized finance (DeFi).
- Further Learning: The Demystify Podcast featuring U-Zyn Chua, CTO of Cake Group, is recommended for more insights into the DeFi space.
