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- Chaos Labs Secures $55M Series A Funding
Chaos Labs Secures $55M Series A Funding
Chaos Labs, a New York-based company specializing in onchain risk management, has successfully raised $55 million in Series A funding to further develop its platform.
Funding Details: The round was led by Haun Ventures, with additional support from notable investors including F-Prime Capital, Lightspeed Venture Partners, PayPal Ventures, Coinbase Ventures, and prominent figures such as Kevin Weil (OpenAI CPO) and Anatoly Yakovenko (Solana CEO).
Key Features: Chaos Labs helps DeFi protocols maintain stability across fluctuating markets. Their platform integrates offchain observability with onchain adjustments, enabling protocols to swiftly respond to volatility, safeguard user funds, and optimize capital efficiency.
Customer Base: The company’s reach has significantly expanded, now serving over 20 protocols such as Aave, GMX, and Jupiter.
Future Plans: The funding will be used to accelerate product development and scale Chaos Labs’ risk management platform. This platform enhances economic security for crypto protocols by utilizing advanced monitoring, real-time simulations, and risk oracles.
As Chaos Labs continues to grow, its risk management solutions are set to play a crucial role in enhancing the stability and security of DeFi applications.