New York's Chaos Labs Raises $55M for DeFi Risk Management, Led by Haun Ventures

Aug 15, 2024, 02:14 PM

Chaos Labs, a New York-based crypto startup specializing in on-chain risk management tools for decentralized finance (DeFi), has successfully raised $55 million in a Series A funding round. The round was led by Haun Ventures, a venture capital firm founded by Katie Haun. Other participants in the funding round included PayPal, Lightspeed Venture Partners, F-Prime Capital, Wintermute Trading, Galaxy Digital, and Slow Ventures. Chaos Labs is known for its automated tools that enhance risk management, security, and incentive strategies in DeFi, aiming to drive trust and transparency in the sector. The company, led by CEO Omer Goldberg, provides dashboards, real-time data oracles, and risk alerts, which are increasingly critical in the blockchain-based financial ecosystem.