Eigen Labs lays off 25% of its staff as it adjusts the direction of its EigenCloud product

By: odaily.com|2025/07/08 22:36:21

Odaily News Eigen Labs laid off 29 employees as it adjusts the direction of its EigenCloud product. The product, released last month, is a developer platform focused on off-chain and on-chain verification. As part of the announcement at the time, a16z announced a $70 million investment. The company has raised a total of $220 million, including $50 million in a Series A round in 2023. An Eigen Labs spokesperson said the layoff decision (affecting 25% of employees) was not based on financial considerations and that the project still has financial space.

You may also like

Share
copy

Gainers

Community
iconiconiconiconiconiconiconicon

Customer Support@weikecs

Business Cooperation@weikecs

Quant Trading & MM[email protected]

VIP Services[email protected]