Chaos Labs, a New York-based company specializing in onchain risk management, has secured $55 million in Series A funding. The round was led by Haun Ventures, with significant participation from F-Prime Capital, Slow Ventures, Spartan Capital, Lightspeed Venture Partners, Galaxy Ventures, Wintermute Ventures, PayPal Ventures, General Catalyst, Bessemer Venture Partners, and other prominent investors from the crypto and tech industry.
Growth and Expansion Plans:
1. Accelerating Product Development:
With the fresh capital infusion, Chaos Labs plans to accelerate the development of new products that enhance the security and resilience of the onchain financial ecosystem. The company aims to introduce advanced tools and features that will further strengthen its risk management platform, offering more comprehensive solutions for crypto protocols.
2. Scaling the Risk Management Platform:
Chaos Labs will use the funds to scale its risk management platform, which is already a critical component of the DeFi (Decentralized Finance) ecosystem. By expanding its capabilities, the company seeks to provide even greater economic security to its clients, ensuring that protocols can adapt to market volatility and safeguard user funds in real-time.
3. Expanding Customer Base and Market Reach:
In the past year, Chaos Labs has tripled its customer base, with over 20 leading DeFi protocols, including Aave, GMX, and Jupiter, relying on its technology. The company plans to continue this growth trajectory by expanding its market reach and attracting more protocols to its platform. This expansion will help secure a broader range of financial products and services across the crypto space.
4. Enhancing Risk Monitoring and Real-Time Simulations:
The company’s risk platform merges offchain observability with onchain risk parameter adjustments, enabling DeFi applications to monitor their health, execute proactive changes, and optimize capital efficiency. Chaos Labs is committed to enhancing these capabilities, allowing protocols to verify their stability across all market conditions.
Impact on the Crypto and DeFi Ecosystem:
Chaos Labs’ technology has already had a significant impact on the crypto industry, securing $860 billion in cumulative trading volume, $25 billion in loans, and $35 million in incentives. As the company continues to innovate and expand, it is poised to play an even more crucial role in ensuring the stability and growth of the DeFi ecosystem.
Leadership and Vision:
Omer Goldberg, Founder and CEO of Chaos Labs, leads the company’s mission to provide comprehensive economic security for crypto protocols. With this latest funding round, Chaos Labs is well-positioned to continue its leadership in onchain risk management, helping to build a safer and more resilient financial future for the decentralized world.
