Eigen Labs lays off 25% of its staff as it adjusts the direction of its EigenCloud product
By: odaily.com|2025/07/08 22:36:30
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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.
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