August 15, 2024
Chaos Labs has successfully raised $55 million in a Series A funding round, led by Haun Ventures, with contributions from existing investors like PayPal, Lightspeed, Galaxy Ventures, and Wintermute. New investors in this round include F-Prime Capital, Slow Ventures, and The Spartan Group.
Project | Latest Raise | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|---|
Chaos Labs | $55M | August 15, 2024 | Series A | Haun Ventures | DeFi |
Based in New York City, Chaos Labs is a cloud platform focused on blockchain security. Its clients include well-known decentralized finance (DeFi) protocols such as Aave, GMX, and Jupiter.
The company provides contextualized data for risk management and economic security, helping protocols identify vulnerabilities and prevent exploits through simulation-based assessments. Their technology has secured $860 billion in cumulative trading volume, $25 billion in loans, and $35 million in incentives for over 20 crypto protocols.
Chaos Labs emphasizes the need for more resilient systems in DeFi to withstand volatile market conditions and economic manipulation, stating that DeFi cannot surpass centralized finance (CeFi) if parameter updates remain manual. Despite advancements, DeFi protocols still face significant security challenges, with nearly $1.4 billion stolen from DeFi platforms by mid-2024, according to cybersecurity firm Cyvers.
About Chaos Labs
Chaos Labs, founded in early 2022 by a team of ex-FAANG engineers, is a New York City-based cloud platform dedicated to securing blockchain protocols. The company specializes in on-chain risk management, economic security, and incentive optimization. By leveraging sophisticated data analytics, modeling, and simulations, Chaos Labs automates real-time protocol parameter recommendations. Their technology helps decentralized finance (DeFi) protocols, such as Aave, GMX, and Jupiter, identify vulnerabilities and prevent exploits. With a mission to bridge traditional finance and digital assets, Chaos Labs aims to provide a safer operating environment for crypto protocols, ensuring resilience against market volatility and economic manipulation.
Website: https://chaoslabs.xyz/
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About Investor
Investor: Haun Ventures
Haun Ventures, founded by Kathryn Haun, is a venture capital firm deeply entrenched in the crypto space. With a focus on supporting startups across the crypto technology stack, they invest at various stages, wielding a substantial $500 million early-stage fund and a $1 billion acceleration fund. Their areas of interest span creator tools, zero knowledge, decentralized finance (DeFi), NFTs, blockchain infrastructure, and more. Haun Ventures aims to shape the future of the internet by fostering innovation and privacy-centric solutions in the ever-evolving Web3 landscape.
Location: Menlo Park, CA
Website: https://www.haun.co/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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