Crypto startup Gauntlet has raised $23.8 million in a new funding round led by Ribbit Capital.
VC firms Polychain and Paradigm also participated in the round. Bloomberg first reported the news. GauntletGauntlet's platform provides services for DeFi protocols and decentralized organizations to assist with areas such as risk management. Users ofThe deal is said to have valued Gauntlet at $1 billion.
When reached for comment, Gauntlet founder Tarun Chitra told The Block:"We aim to use [the funding to] the expand our product offering to new verticals and increase our crypto-native risk exposure." Chitra added that
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