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Eigen Labs announces approximately 25% layoffs, shifts business focus to EigenCloud

Eigen Labs announces approximately 25% layoffs, shifts business focus to EigenCloud

ChaincatcherChaincatcher2025/07/09 00:02
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According to ChainCatcher, as reported by Blockworks, Eigen Labs has announced layoffs of approximately 25% (29 employees) and will shift its business focus to EigenCloud.

EigenCloud, launched last month, is a developer platform focused on both off-chain and on-chain verification. a16z has announced a $70 million investment in the company, bringing its total funding to $220 million, including $50 million from its Series A round in 2023.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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