ChainCatcher reported that according to Coindesk, Chaos Labs, a New York crypto startup focusing on on-chain risk management tools, recently raised $55 million in a Series A round led by Haun Ventures. The financing also attracted participation from investors such as F-Prime Capital, Slow Ventures, Spartan Capital, Lightspeed Venture Partners, Galaxy Ventures and PayPal Ventures.
The company plans to use the funds to expand its platform to meet the growing demand for automated risk management in decentralized finance (DeFi). Chaos Labs' customer base has tripled in the past year and has helped more than 20 protocols, including Aave, GMX, and Jupiter, achieve product security monitoring and growth. Founder and CEO Omer Goldberg said that Chaos Labs aims to automate certain risk management tasks through tools such as dashboards, real-time data oracles, and risk alerts, making DeFi platforms more flexible in responding to market fluctuations and reducing human errors.