Israeli Chain Risk Management Company Chaos Labs Today, we announced the completion of a $55 million Series A funding round led by Haun Ventures with new investors including F-Prime Capital, Slow Ventures, and Spartan Capital. Existing investors Lightspeed Venture Partners, Galaxy Ventures, Wintermute Ventures, PayPal Ventures, General Catalyst, Bessemer Venture Partners, and Coinbase Ventures also participated. The round also attracted strategic angel investors including Kevin Weil (OpenAI CPO), Michael Shaulov (Fireblocks CEO), Anatoly Yakovenko (Solana CEO), Francesco Agosti (Phantom CTO), and Anton Katz (Talos CEO).
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Cybersecurity firm Chaos Labs raises $20 million
The investment aims to expand on-chain economic security, and Chaos Labs will use the proceeds to accelerate the development of its advanced risk management platform. The platform features enhanced monitoring tools, innovative risk oracles, and real-time parameter recommendations.
Over the past year, Chaos Labs says it has tripled its customer base, and 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 $765 billion in cumulative trading volume, $25 billion in loans, and $35 million in incentives.
Chaos Labs’ vision is to empower decentralized applications with contextual data to improve risk management and economic security, while increasing capital efficiency and achieving performance parity with their centralized counterparts.
“Our North Star has always been high-quality data that provides high-quality risk management information,” says Omer Goldberg, Founder and CEO of Chaos Labs. “Cryptocurrencies are among the most volatile asset classes today. Yet most DeFi applications remain static, relying on outdated standards that take hours or days to update. The future of DeFi requires a modern, dynamic data infrastructure.”
“Off-chain data and on-chain risk are inextricably linked. Market context, including volatility, liquidity depth, and bid-ask spreads, are essential for making real-time adjustments in high-frequency trading applications,” he added.
“Chaos Labs is building new products that combine previously siloed market data, monitoring, and alerting with dynamic risk parameter adjustments,” Goldberg continued. “This new technology will enable real-time updates that reflect current market conditions; real-time, responsive, and secure.”
“We are trying to catch up with our peers at CeFi and that is where we are headed,” he concluded.
Chaos Labs has offices in Tel Aviv and New York.
This article was published in Globes, Israeli Business News – en.globes.co.il – on August 15, 2024.
© Copyright Globes Publisher Itonut (1983) Ltd., 2024.
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