Blockchain risk analytics firm Chaos Labs announced it has closed a $20m seed funding round co-led by PayPal Ventures and Galaxy Digital, with participation from Coinbase, Uniswap, Lightspeed and others.
Chaos Labs aims to build an automated risk management platform for crypto to help DeFi protocols simulate worst-case scenarios. Its clients include Uniswap, Aave, Chainlink and more.
The funds raised will be used to hire people across product, engineering, risk, and business, as well as to bring all the Chaos Labs' products into a holistic risk suite of tooling.
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