March 14, 2024
Range Labs, a security and risk platform for blockchains and rollups, has secured $2.7 million in a seed funding round led by Galileo. Other participants included Robot Ventures, Fenbushi Capital, Bitscale, Informal Systems, Volt Capital, Chorus One, and angel investors from Binance, Arbitrum, and Skip.
Project | Latest Raise | Latest Raise | Stage | Total Raise | Lead Investor | Category |
|---|---|---|---|---|---|---|
Range Labs | Mar 14, 2024 | $2.7M | Seed | $2.7M | Galileo | Roll ups |
Range Labs provides security and risk solutions for the Cosmos and Modular ecosystems and is trusted by organizations such as Osmosis, Circle, dYdX, Celestia, Cosmos Hub, Dymension, Neutron, and Noble. The platform aims to help blockchains and rollups avoid financial losses from smart contracts and cross-chain bridges by offering a comprehensive suite of AI-powered monitoring, threat prevention, risk analytics, and compliance solutions tailored for modular crypto applications.
The company has launched cross-chain native solutions such as the CCTP explorer to monitor Circle’s new interoperability protocol and IBC Rate Limits to improve cross-chain application security and user experience. By utilizing machine learning and cross-chain MEV-aware infrastructure, Range Labs aims to enhance the security of sovereign blockchains and modular rollups. Future plans include customizing its platform for Ethereum-native L2s such as Arbitrum and Optimism.
About Range Labs:
Range Labs builds security infrastructure for sovereign blockchains and rollups, with a focus on the Cosmos and modular ecosystems and bridges such as the Inter-Blockchain Communication Protocol (IBC). The company’s product suite includes tools for monitoring, threat detection and prevention, analytics, and forensics to strengthen the security of the interchain and modular ecosystems.
Website: https://www.range.org/
X Account: https://x.com/RangeSecurity
X Followers today: 1,483
About Investor
Investor: Galileo
Galileo is a venture capital firm that invests in early-stage technology companies, focusing on projects within the blockchain and cryptocurrency sectors.
Location: San Francisco, California, United States
Website: https://galileo.ventures/
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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