Chaos Labs Raises $55M to Expand Onchain Economic Security Solutions
Hongji is a crypto and tech reporter. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX (Huobi Global),...
Chaos Labs has secured $55 million in a Series A funding round to enhance its onchain economic security solutions. According to a Thursday announcement made by Chaos Labs, the funding round was led by Haun Ventures and received investments from Lightspeed Venture Partners, Galaxy Ventures, Wintermute Ventures, PayPal Ventures, Coinbase Ventures, and several other new investors.
1/ We're excited to announce our $55M Series A led by @HaunVentures alongside @lightspeedvp, @FPrimeCapital, @wintermute_t, @galaxyhq, @PayPal, @slow, @TheSpartanGroup, and more.
Our company is named after the problem we’re trying to solve.
The Chaos Labs mission is simple:… pic.twitter.com/1k50EHT0Tc
Other angel investors included OpenAI Chief Product Officer Kevin Weil, Fireblocks CEO Michael Shaulov, Solana CEO Anatoly Yakovenko, Phantom Chief Technology Officer Francesco Agosti, and Talos CEO Anton Katz.
The funds will be used to advance the development of the company’s risk management platform, which is designed to support decentralized finance (DeFi) protocols.
This investment will enable Chaos Labs to broaden its product offerings and enhance its operations to improve security and efficiency within DeFi ecosystems.
“As onchain finance matures to compete with its centralized counterparts, the need for world-class risk management tools, designed from the ground up for the blockchain stack, is both clear and intuitive,” said Haun Ventures General Partner Diogo Mónica.
The release stated that over the past year, Chaos Labs expanded its customer base, now
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