Chaos Labs, a company specializing in onchain economic security solutions for decentralized finance (DeFi) protocols, has secured $55 million in a Series A funding round. The round was led by Haun Ventures and included investments from Lightspeed Venture Partners, Galaxy Ventures, Wintermute Ventures, PayPal Ventures, Coinbase Ventures, and several other new investors. Additionally, prominent individuals in the crypto industry, such as Anatoly Yakovenko, Francesco Agosti, and Anton Katz, also participated in the funding. The funds will be used to further develop Chaos Labs’ risk management platform to enhance security and efficiency within DeFi ecosystems.
With the financial backing from the Series A funding round, Chaos Labs plans to expand its product offerings and improve its operations to better serve its customer base. The company aims to continue supporting over 20 protocols, including well-known projects like Aave, GMX, and Jupiter, with its risk management technology. Chaos Labs’ platform has already secured $860 billion in cumulative trading volume, $25 billion in loans, and $35 million in incentives over the past year. The company’s CEO, Omer Goldberg, highlighted the importance of high-quality data for effective risk management in the highly volatile crypto industry, emphasizing the need for dynamic data infrastructure that can provide real-time updates based on current market conditions.
Haun Ventures General Partner Diogo Mónica emphasized the significance of advanced risk management tools designed specifically for the blockchain stack as the landscape of onchain finance evolves to compete with traditional centralized financial services. Chaos Labs’ focus on incorporating offchain market data, observability, and alerting into their risk management platform sets the company apart in the DeFi space. By allowing for dynamic risk adjustments in real time, Chaos Labs aims to address the limitations of current DeFi applications that rely on static parameters that can take hours or days to update. This approach aligns with the company’s vision of enhancing security and efficiency within decentralized finance ecosystems.
The participation of key investors such as Haun Ventures, Lightspeed Venture Partners, and Galaxy Ventures underscores the industry’s recognition of the importance of robust risk management solutions in DeFi. The funding round’s success reflects investors’ confidence in Chaos Labs’ ability to innovate and provide value within the rapidly evolving crypto space. With support from a diverse group of investors, including established venture capital firms and prominent individuals in the crypto industry, Chaos Labs is well-positioned to fulfil its mission of advancing onchain economic security solutions for decentralized finance protocols.
As the company continues to grow and expand its product offerings, Chaos Labs remains committed to its mission of improving security and efficiency within DeFi ecosystems. By leveraging advanced risk management tools and dynamic data infrastructure, the company aims to set new standards for risk management in the fast-paced world of decentralized finance. With a strong focus on integrating real-time market data and dynamic risk adjustments, Chaos Labs is poised to play a crucial role in shaping the future of decentralized finance and enhancing the resilience of onchain economic systems.
