Gauntlet Secures $125M from SBI Holdings to Bolster DeFi Services

Gauntlet, a DeFi infrastructure firm that initially offered risk consultancy services to protocols, has secured $125 million in funding from SBI Holdings. The Japanese financial conglomerate was the sole participant in the round, which closed in June. This latest raise is significantly larger than Gauntlet's previous largest fundraise of $23.8 million in March 2022.

Gauntlet's CEO Tarun Chitra declined to share the valuation for this new round. However, it's worth noting that the firm's previous Series B raised was valued at $1 billion. The company has been expanding its services beyond risk consultancy, now actively managing yield vaults on platforms like Morpho.

Gauntlet's strategic partnerships with Securitize and Privy have also played a significant role in its growth. The new funds will primarily support the firm's expansion into services aimed at helping institutions and crypto firms allocate digital assets effectively through sophisticated data-driven risk modeling and yield curation.