Gauntlet raises $125M from SBI Holdings in exclusive financing, valuing the DeFi risk platform above its 2022 Series B valuation of ~$1B.
VC & Fundraising ·
Gauntlet, a DeFi asset management and risk analysis platform, secured $125 million in exclusive financing from SBI Holdings, marking its largest financing round since inception in 2018. The round, completed in June, exceeded the company's 2022 Series B raise of $24 million, which valued the firm at $1 billion; the current valuation remains undisclosed.
Gauntlet evolved from stress testing and vulnerability analysis for DeFi protocols into a vault curation business that evaluates yield strategy risks through quantitative methods to support institutional asset allocation. The company counts asset manager Apollo, Coinbase, and stablecoin issuer Circle among its clients.
The deal's valuation relative to the prior $1 billion mark—whether above or at parity—has not been specified. SBI Holdings' rationale for the exclusive investment and any terms surrounding the financing remain unreported.