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.