About
Gauntlet is the leading DeFi risk management firm, securing protocols with $42B+ TVL including Aave, Compound, Maker, and Synthetix. Raised $23.8M Series B from Ribbit and Polychain at $1B valuation. Top clients pay $5M+ annually; Compound contract ~$1.45M/year. Founded 2018. Simulation-based risk models helped clients avoid major losses during Black Thursday 2020 and 2022 crypto crash.
Key Facts
- [1]Funding: Total funding: $45M. Last round: Mar 2022. Stage: Early Stage.
- [2]Customers: Key customers include Aave, Compound, MakerDAO.
- [3]Employees: Employee count: 51-200.
- [4]Company Type: Token company (token-based project).
- [5]Web3: Web3 and blockchain technology company. Token-based project.
- [6]Website: Official website: gauntlet.xyz.
- [7]AI Technology: Core AI/ML technologies: Predictive ML.
- [8]Region: Region: Americas (United States).
Founder
Tarun Chitra
Founder & CEO
Key Customers & Partners
AI Technology
Predictive ML
Traditional ML algorithms for classification, regression, and scoring models
Classification
Market Segments
Tech Stack Layers
Details
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Frequently Asked Questions
What is Gauntlet?
Gauntlet is the leading DeFi risk management firm, securing protocols with $42B+ TVL including Aave, Compound, Maker, and Synthetix. Raised $23.8M Series B from Ribbit and Polychain at $1B valuation. Top clients pay $5M+ annually; Compound contract ~$1.45M/year. Founded 2018. Simulation-based risk models helped clients avoid major losses during Black Thursday 2020 and 2022 crypto crash. Gauntlet is classified in the Risk & Compliance segment at the Models layer of the financial AI stack.
Who founded Gauntlet?
Gauntlet was founded by Tarun Chitra (Founder & CEO).
How much funding has Gauntlet raised?
Gauntlet has raised $45M in total funding, placing the company at the Early Stage stage. The most recent round closed in Mar 2022. Among 74 funded Risk & Compliance companies, Gauntlet ranks #49 by total capital raised. (Source: AIFI Map directory.)
What AI technology does Gauntlet use?
Gauntlet primarily leverages Predictive ML technology. Traditional ML algorithms for classification, regression, and scoring models. Within the Risk & Compliance segment, 42 companies use this technology.
What market segment does Gauntlet operate in?
Gauntlet operates in the Risk & Compliance market segment. AI risk and compliance companies protect financial institutions from fraud, money laundering, identity theft, and regulatory violations. This is one of the largest and most critical segments in the AI finance landscape, as the cost of financial crime and non-compliance runs into the hundreds of billions annually.
Where is Gauntlet headquartered?
Gauntlet is headquartered in New York, United States. The company operates in the Americas region. The team consists of 51-200 employees. United States is home to 324 financial AI companies tracked by AIFI Map.
Who are Gauntlet's competitors?
Companies similar to Gauntlet in the Risk & Compliance space include Feedzai ($431M raised), Sardine ($170M raised), Hawk AI ($83M raised), Resistant AI ($55M raised), Flagright ($8M raised). These companies operate in related areas of financial AI: Feedzai focuses on ai-native fraud and financial crime prevention platform for major banks. Sardine focuses on ai risk platform for fraud, credit, and compliance. Hawk AI focuses on ai-powered aml and fraud detection for banks and fintechs. (Based on AIFI Map classification data.)
What products does Gauntlet offer?
Gauntlet builds models-layer solutions for the financial services industry. The company's core offering: AI risk management for DeFi. The platform is powered by Predictive ML technology. Notable users include Aave, Compound, MakerDAO.
Is Gauntlet publicly traded?
Gauntlet operates as a token-based project rather than a traditional equity-backed company. It is a Web3-native platform leveraging blockchain and decentralized finance.
Does Gauntlet use Web3 or blockchain technology?
Yes, Gauntlet incorporates Web3 and blockchain technology. AI risk management for DeFi. The project operates as a token-based platform. While not solely a crypto company, Gauntlet leverages blockchain alongside its primary focus in risk & compliance.