The round was led by Galaxy and PayPal Ventures, with participation from Coinbase, Uniswap, Lightspeed, Bessemer, Hashkey and top angels such as Balaji Srinivasan and Naval Ravikant. Chaos Labs will use the funding to expand its offerings and build out its suite of risk and security products. In its first year of operations, Chaos Labs has partnered with major Decentralized Finance (DeFi) customers, including Aave, Chainlink, Uniswap, BENQI, and Osmosis, to secure and optimize the protocols against manipulation and black swan market events, while also offering capital optimization recommendations.

Chaos Labs is the first automated economic security system for crypto protocols utilizing state-of-the-art monitoring and simulations. The company aims to scale crypto adoption by providing protocols with custom and automated economic security tooling that verifies a protocol's durability and stability in any market condition. Chaos Labs' tooling allows core teams and community members to better monitor protocol health and risks in real-time to execute mainnet changes before a potential vulnerability is exploited.