PANews reported on August 16 that according to CoinDesk, Chaos Labs, a New York crypto startup focusing on on-chain risk management tools, has completed a $55 million Series A financing. This round of financing was led by Haun Ventures, and participants included well-known investment institutions such as F-Prime Capital, Slow Ventures, Spartan Capital, and large investors such as Lightspeed Venture Partners, Galaxy Ventures, and PayPal Ventures. Chaos Labs also received support from angel investors such as Anatoly Yakovenko of Solana and Francesco Agosti of Phantom.

Chaos Labs was founded in 2021. As DeFi's demand for automated risk management grows, the company plans to expand its platform. It currently helps more than 20 protocols including Aave and GMX manage risks.