All Updates

All Updates

icon
Filter
Funding
Renzo raises USD 17 million in Series A funding
Decentralized Finance (DeFi)
Jun 18, 2024
This week:
Product updates
ABL Space Systems' RS1 rocket damaged during preflight testing
Space Travel and Exploration Tech
Yesterday
Product updates
SensiML launches open-source initiative Piccolo AI for intelligent Edge solutions
Machine Learning Infrastructure
Yesterday
Product updates
NVIDIA launches AI Foundry service and NIM inference microservices with Llama 3.1 to develop customized LLMs
Generative AI Infrastructure
Yesterday
Partnerships
Eve Air Mobility partners with Siemens to evaluate energy services for eVTOL aircraft
Passenger eVTOL Aircraft
Yesterday
Partnerships
Crisalion Mobility collaborates with Wilbur Air to operate Integrity eVTOL in Australia
Passenger eVTOL Aircraft
Yesterday
Partnerships
Supernal collaborates with Sigma Air Mobility to develop AAM Market
Passenger eVTOL Aircraft
Yesterday
Partnerships
SpaceX secures ~USD 113 million NASA contract for JPSS-4 mission
Next-gen Satellites
Yesterday
Partnerships
SpaceX secures ~USD 113 million NASA contract for JPSS-4 mission
Space Travel and Exploration Tech
Yesterday
Industry news
NASA advances space communications for lunar exploration
Space Travel and Exploration Tech
Yesterday
Funding
Industry news
Indian aerospace industry receives INR 10 billion budget to advance in space technology
Space Travel and Exploration Tech
Yesterday
Decentralized Finance (DeFi)

Decentralized Finance (DeFi)

Jun 18, 2024

Renzo raises USD 17 million in Series A funding

Funding

  • Renzo, an Ethereum restaking protocol built on EigenLayerl, raised USD 17 million in a Series A funding round led by Galaxy Ventures and Brevan Howard Digital Nova Fund.

  • The company plans to use the funds to expand its restaking services and integrate ERC-20 tokens into its protocol.

  • Analyst QuickTake: The Ethereum restaking space (particularly the EigenLayer ecosystem) has seen a recent boom in investor interest, with protocols such as Kelp DAO , Ether.fi , and EigenLayer raising USD 9 million , USD 23 million , and USD 100 million , respectively. Notably, this new funding comes only one week after Symbiotic, which aims to provide an alternative to Eigenlayer’s staking infrastructure, emerged from stealth with a USD 5.8 million funding round . Symbiotic differentiates itself from EigenLayer by offering support for the restaking of any ERC-20 token. Therefore, Renzo’s initiative to integrate ERC-20 tokens into its restocking protocol will enable EigenLayer to compete indirectly with Symbiotic via its ecosystem.

Contact us

Gain access to all industry hubs, market maps, research tools, and more
Get a demo
arrow
menuarrow

By using this site, you agree to allow SPEEDA Edge and our partners to use cookies for analytics and personalization. Visit our privacy policy for more information about our data collection practices.