According to ChainCatcher, citing Blockworks, Eigen Labs has announced layoffs of approximately 25% (29 employees) and is shifting its business focus to EigenCloud.
EigenCloud, launched last month, is a developer platform focused on off-chain and on-chain verification. a16z announced an investment of $70 million, and the company has raised a total of $220 million, including $50 million from its Series A funding round in 2023.



