Eigen Labs announces layoffs of approximately 25% of its staff and shifts its focus to EigenCloud

This article is machine translated
Show original

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.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments