On August 16th, according to CoinDesk, Chaos Labs, a New York-based startup focused on on-chain risk management tools, has completed a Series A funding round of $55 million. The funding round was led by Haun Ventures, with participation from well-known investment institutions such as F-Prime Capital, Slow Ventures, Spartan Capital, as well as big-name investors like Lightspeed Venture Partners, Galaxy Ventures, and PayPal Ventures. Founded in 2021, Chaos Labs plans to expand its platform as the demand for automated risk management in DeFi grows, and has already helped over 20 protocols manage risk, including Aave and GMX.

#BTC