July 9th, according to Fortune, $DeFi asset management and risk analysis firm Gauntlet has completed a $125 million financing round. The round was led by Japanese financial group SBI Holdings as the sole investor. The financing was completed in June this year, with the specific valuation undisclosed.This is Gauntlet's largest funding round since its founding in 2018, far exceeding its $24 million Series B funding round in 2022 led by Ribbit Capital, which valued the company at $1 billion.Gauntlet, founded by former Wall Street quantitative trader Tarun Chitra, initially focused on providing stress testing and vulnerability analysis services for $DeFi protocols. As the DAO governance model gained prominence, it gradually shifted towards a 'treasury management' business—evaluating yield strategies' risk through quantitative analysis to help institutional investors manage digital asset allocations. Its clients currently include asset management giants Apollo, Coinbase, and stablecoin issuer Circle.[BlockBeats]
July 9th, according to Fortune, DeFi asset management and risk analysis firm Gauntlet has completed a $125 million financing round. The round was led by Japanese financial group SBI Holdings as the sole investor. The financing was completed in June this year, with the specific valuation undisclosed.This is Gauntlet's largest funding round since its founding in 2018, far exceeding its $24 million Series B funding round in 2022 led by Ribbit Capital, which valued the company at $1 billion.Gauntlet, founded by former Wall Street quantitative trader Tarun Chitra, initially focused on providing stress testing and vulnerability analysis services for DeFi protocols. As the DAO governance model gained prominence, it gradually shifted towards a 'treasury management' business—evaluating yield strategies' risk through quantitative analysis to help institutional investors manage digital asset allocations. Its clients currently include asset management giants Apollo, Coinbase, and stablecoin issuer Circle.[BlockBeats]
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