Risk Labs is the foundation and core team behind UMA Across. The company has set out to build a decentralised blockchain ecosystem, rooted in verifiable truth and transparency, making crypto more usable, accessible, and efficient. UMA was one of the earliest protocols to emerge within the decentralised finance sector, and it (along with Across) is supported by the second biggest crypto network, Ethereum.
While Risk Labs itself has not raised funding since 2018, efforts have been made to raise capital for its other entities. These rounds have been very successful, such as Across' $10M raise in late 2022. It’s significant that well-known early-stage VC Two Sigma Ventures has invested in the entire umbrella of companies.
The company has nearly tripled in size since 2020, and remains focused on hiring as it rolls out new product launches and upgrades to its projects (such as UMA 2.0).
Steph
Company Specialist at Welcome to the Jungle