{"id":416067,"date":"2022-03-14T23:00:00","date_gmt":"2022-03-14T20:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/crypto-quant-firm-gauntlet-valued-at-1b-following-series-b\/"},"modified":"2022-03-14T23:00:00","modified_gmt":"2022-03-14T20:00:00","slug":"crypto-quant-firm-gauntlet-valued-at-1b-following-series-b","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/crypto-quant-firm-gauntlet-valued-at-1b-following-series-b\/","title":{"rendered":"# Crypto quant firm Gauntlet valued at $1B following Series B"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a33b07a19ac1\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a33b07a19ac1\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-quant-firm-gauntlet-valued-at-1b-following-series-b\/#%E2%80%9D_Crypto_quant_firm_Gauntlet_valued_at_1B_following_Series_B_%E2%80%9C\" >&#8221; Crypto quant firm Gauntlet valued at $1B following Series B  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Crypto_quant_firm_Gauntlet_valued_at_1B_following_Series_B_%E2%80%9C\"><\/span>&#8221; Crypto quant firm Gauntlet valued at $1B following Series B  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-128018ef>Crypto-focused financial modeling platform Gauntlet has achieved unicorn status after raising $23.8 million in <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">Series<\/a> B funding from some of blockchain\u2019s biggest venture funds.<\/p>\n<p>The investment round was led by Ribbit Capital, a Palo Alto-based venture firm, with participation from existing investors Paradigm and Polychain Capital, Bloomberg <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-03-14\/ex-d-e-shaw-research-quant-spins-his-crypto-firm-into-unicorn\">reported<\/a> Monday. Gauntlet said the funding will be used to hire additional workers and expand into new industry verticals, including gaming. <\/p>\n<p>Gauntlet was founded in 2018 by Tarun Chitra, a Wall Street executive who previously worked at multinational hedge fund D. E. Shaw. Gauntlet provides financial modeling and simulation tools to the cryptocurrency industry, with a focus on capital efficiency and risk.<\/p>\n<p>In 2018, Gauntlet received its first seed investment from Coinbase Ventures and five other participants to the tune of $2.9 million, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.crunchbase.com\/organization\/gauntlet\">according<\/a> to Crunchbase. The company raised an additional $4.4 million two years later. <\/p>\n<p>Gauntlet\u2019s $1 billion valuation reflects the rapid growth of the cryptocurrency industry over the past two years. As Bloomberg explained, Gauntlet\u2019s main product allows cryptocurrency projects \u2014 and specifically decentralized finance (DeFi) platforms \u2014 to run stress tests that can help them set optimal lending and collateral levels.<\/p>\n<p>Gauntlet\u2019s most notable clients are Aave (AAVE) and Compound (COMP), which are two of the largest DeFi projects based on market capitalization and total value locked.<\/p>\n<p><strong><em>Related: <\/em><\/strong><em><strong>Crypto Biz: Goldman Sachs tiptoes\u00a0into ETH, Mar. 4\u201310<\/strong><\/em><\/p>\n<p>Companies in the crypto and blockchain industries have attracted significant venture capital since early 2021, leading to several \u201cunicorns\u201d being crowned. In the startup community, a unicorn is a company that achieves a valuation of at least $1 billion. Over a dozen such unicorns have been crowned over the past 12 months.\u00a0<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/7be8107e-e168-4af9-8aef-c9c72e7e4d84.png\"><figcaption style=\"text-align: center;\"><em>2021 was a volatile period for cryptocurrency markets, but venture capital wasn&#8217;t all too concerned with short-term price fluctuations. Source: Cointelegraph\/CB Insights<\/em><\/figcaption><\/figure>\n<p>As Cointelegraph reported, blockchain startups generated $25.2 billion in venture funding last year, including 59 \u201cmega-rounds\u201d worth more than $100 million each. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/crypto-quant-firm-gauntlet-valued-at-1b-following-series-b\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Crypto quant firm Gauntlet valued at $1B following Series B &#8220; Crypto-focused financial modeling platform Gauntlet has achieved unicorn status after raising $23.8 million in Series B funding from some of blockchain\u2019s biggest venture funds. The investment round was led by Ribbit Capital, a Palo Alto-based venture firm, with participation from existing investors Paradigm&#8230;<\/p>\n","protected":false},"author":1,"featured_media":416068,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvODljYTM5ZTQtMDUyMi00NTBjLWE3YWUtNmNlODRjZTE5YmVhLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75719,77595,117,71745],"class_list":["post-416067","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-funding","tag-lending","tag-business","tag-venture-capital"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/416067","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=416067"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/416067\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/416068"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=416067"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=416067"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=416067"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}