According to Foresight News, Dynamic Labs, a Web3 identity verification and authorization platform, has completed a $13.5 million financing round led by a16z and Founders Fund. The company was founded by MIT graduates Itai Turbahn and Yoni Goldberg, who serve as CEO and CTO respectively. Dynamic Labs provides technology for cryptocurrency and non-cryptocurrency companies to create seamless login experiences supported by digital wallets. Their clients include NFT company Doodles and blockchain analytics platform Flooz.

Previously, Dynamic Labs completed a $7.5 million seed funding round in 2022, also led by a16z.