Gauntlet Platform Raises $23.8 million Series B financing, Valued at $1 billion
Gauntlet Platform has raised a $23.8 million Series B financing round led by the global investment firm, Ribbit Capital.
This new round of funding is a continuation of their productive 2021, where they raised a Series A in May and became a profitable company.
This combined funding brings a total valuation to $1 billion and marks over 20X growth in their revenue in the last year alone.
$38 billion in assets now depend on Gauntlet’s financial modeling framework, signaling that the financial systems of the future are those that bridge the gap between the transparency of crypto with the risk mitigation tactics of traditional finance (TradFi).
Nick Shalek, General Partner at Ribbit Capital said:
“As the decentralized finance ecosystem develops and grows in complexity, the importance of strong risk management infrastructure becomes even more apparent.” “Gauntlet’s expertise in risk management and capital optimization will ensure that the company continues to play a key role in facilitating broader adoption of DeFi — ultimately driving institutional capital inflows towards protocols that adopt Gauntlet’s risk frameworks and products. The Ribbit team is excited to partner with Gauntlet on its journey to make DeFi the most efficient global financial system.”
Gauntlet financial modeling platform uses battle-tested techniques from the algorithmic trading industry to inform on-chain protocol management. Their platform takes from and improves upon many of the risk assessment frameworks found in traditional finance, creating a quantitative, dynamic approach to risk management for blockchain protocols.
Rei Chiang, Co-Founder and CTO at Gauntlet said:
“Marketplace optimization is one of the most difficult engineering challenges in DeFi.” “Our platform is comprised of various predictive models which we use to calibrate and improve risk management and incentives for a wide range of DeFi protocols.”
Using Series B Funding, Gauntlet plan to significantly expand their team of developers, engineers, and simulation data scientists. And continue to optimize their platform by researching new primitives in DeFi to better assist protocols as they grow and scale.
About Gauntlet Platform
Gauntlet Platform leverages agent-based simulation to optimize a protocol’s key parameters improving capital efficiency, risk, fees, and rewards. DeFi protocols using their platform can maximize their capital efficiency and stakeholder returns while minimizing risk.
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