Gauntlet completes a $125 million funding round, with SBI Holdings participating

robot
Abstract generation in progress

According to Jinse Finance, on July 9, DeFi risk control and asset allocation platform Gauntlet raised $125 million in an exclusive financing from Japanese financial group SBI Holdings. This round far exceeds its Series B in 2022 of nearly $24 million at a valuation of about $1 billion. SBI, a Tokyo-listed financial group with a total market cap of over $10 billion, has invested in multiple crypto companies including Ripple, Circle, and Morpho.

Gauntlet was founded by former Wall Street quantitative analyst Tarun Chitra. Initially providing stress testing and risk analysis for DeFi protocols, it has shifted its business to "vault curation" in recent years, assessing the risk of various DeFi yield vault strategies. Its current clients include Apollo, Coinbase, and stablecoin issuer Circle.

CRCL-1.74%
COIN-0.57%
MORPHO11.18%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned