General
Range raises a $2.7M seed round led by Galileo
Range raises a seed round to accelerate the development of the leading security and risk platform for blockchains and rollups.
Range Team
·
Mar 14, 2024
Range has raised $2.7M in a round led by Galileo, with participation by Robot Ventures, Fenbushi Capital, Bitscale, Informal Systems, Volt Capital, and Chorus One, among others, with the participation of angels from Binance, Arbitrum, and Skip.
Our platform has become the leading security and risk platform for the Cosmos and Modular ecosystems, trusted by top projects and organizations, including Osmosis, Circle, dYdX, Celestia, Cosmos Hub, Dymension, Neutron, and Noble. The most prominent blockchain and rollups teams are partnering with Range to secure their protocols and their community users.
Range enables blockchains and rollups to prepare for mainstream and institutional adoption by avoiding the pitfalls and billion-dollar losses suffered by smart contracts and cross-chain bridges. Built by a team of blockchain security veterans, Range features a comprehensive suite of AI-powered monitoring, threat prevention, risk analytics, and compliance solutions fully customized for modular crypto applications. The Range platform has also launched cross-chain native solutions, such as the CCTP explorer, to monitor Circle’s new interoperability protocol and IBC Rate Limits to improve the security and user experience of cross-chain applications.
The Range platform, combining its use of sophisticated machine learning and cross-chain MEV-aware infrastructure, aims to make building and using sovereign blockchains and modular rollups radically more secure than developing smart contracts in generalized VMs. In the future, Range plans to customize its platform for Ethereum-native L2s such as Arbitrum and Optimism.
“In the last few months, the industry has realized that app-specific rollups and blockchains are the best way to build mainstream-ready applications, as validated by dYdX, optimized for performance, efficiency, and captured MEV value. On top of that, we believe this new paradigm will enable the industry to build genuinely secure protocols and applications and avoid the billions of dollars of hacks that have harmed the mainstream and institutional adoption of this technology wave. That’s why Range exists, to make this a reality,” said Andres, co-founder and CEO.
About Range
Range is the leading intelligence and risk platform for cross-chain stablecoin infrastructure, trusted by the Solana Foundation, Circle, Stellar, dYdX, Squads and more. We provide the compliance, risk, and routing systems behind the next generation of onchain payments and applications.
Used by fintechs, protocols, and DeFi teams, Faraday is our transaction engine that enables cross-chain routing, compliance enforcement, and real-time risk monitoring through a single API. Our Stablecoin Explorer at explorer.money - the first of its kind - tracks almost 200 stablecoins across all chains and bridges.
We also provide the security layer behind some of the most sensitive infrastructure on Solana. Our Solana Transaction Security Standard, protects programs, accounts and treasuries worth over $30b, while our Risk API and Onchain Risk Verifier enable privacy-focused apps on Solana to stay compliant.
Whether you're building programmable treasuries or privacy flows, Range helps ensure they're safe, compliant, and ready for scale.
