According to PANews, New York-based crypto startup Chaos Labs has successfully raised $55 million in a Series A funding round. The round was led by Haun Ventures, with participation from notable investment firms such as F-Prime Capital, Slow Ventures, and Spartan Capital. Major investors including Lightspeed Venture Partners, Galaxy Ventures, and PayPal Ventures also contributed to the funding. Additionally, angel investors like Solana's Anatoly Yakovenko and Phantom's Francesco Agosti supported the round.
Founded in 2021, Chaos Labs specializes in on-chain risk management tools. The company aims to expand its platform in response to the growing demand for automated risk management in the DeFi sector. Currently, Chaos Labs assists over 20 protocols, including Aave and GMX, in managing their risk.