Fortune reported that DeFi risk management project Gauntlet has secured a $125 million investment from Japanese financial giant SBI Holdings. SBI Holdings was the sole investor in the previous funding round, and the company's valuation was not disclosed. This latest fundraising for Gauntlet is the largest since its establishment in 2018, significantly exceeding the amount raised in its Series B round, which valued the company at $1 billion in 2022. Gauntlet initially provided DeFi risk analysis and stress testing solutions but shifted its business in 2023 to services that evaluate the risk of individual DeFi revenue strategies. Current major clients include Apollo (APO), Coinbase (COIN), and Circle (CRCL).
