Gauntlet

Summary active Updated Jul 21, 2026

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Location New York, NY
Founded 2018
Latest Stage Series C
Total Raised $170M+
Website https://www.gauntlet.xyz
Sector
defi crypto fintech risk-management blockchain

Investors

Tarun Chitra series-c (2026)
Matt Huang 2022 (2022)
Olaf Carlson-Wee Series B (2022)
Phin Barnes Seed (2018)
Paradigm 2022 (2022)
polychain-capital Series B (2022)
the-general-partnership Seed (2018)

Founders

Tarun Chitra Co-Founder & CEO

About

Gauntlet is a New York-based on-chain asset management and risk platform for decentralized finance, founded in 2018 by CEO Tarun Chitra 123. The company operates institutional on-chain vaults that manage capital across DeFi markets and provides risk management, optimization, and analytics services to more than 150 fintechs and institutional clients, with over $1.5 billion in assets under its curation 13. On 2026-07-09, Gauntlet announced a $125 million Series C round in which SBI Holdings, Inc. (through its U.S. subsidiary SBI Holdings USA, Inc.) was the sole investor, marking the largest capital raise in Gauntlet’s history 123. Proceeds will fund development of new on-chain products for institutional users, including AI-powered operations and broader stablecoin coverage — with planned support for the Japanese yen and Mexican peso — alongside continued expansion of Gauntlet’s institutional vault products 12.

Disclaimer: This is a lean profile built from initial round coverage and may be expanded as more information becomes available.

Funding History

Date Round Amount Lead Co-investors
2026-07-09 Series C $125M SBI Holdings — 123

What Investors Say

“The advanced risk management and optimization technologies possessed by Gauntlet will be indispensable functions in our goal to popularize digital assets.”

— Yoshitaka Kitao, Representative Director, Chairman & President, SBI Holdings 1

What Founders Say

“Vaults have proven themselves to be the next major revolution in financial markets… we believe we are in the best place to take our years of research and development to help bring institutions on-chain.”

— Tarun Chitra, Co-Founder & CEO, Gauntlet 1

Sources

  1. “Gauntlet Closes $125 Million Series C Led by SBI Holdings,” Gauntlet, July 9, 2026. Accessed July 2026. https://www.gauntlet.xyz/resources/gauntlet-closes-125-million-series-c↩↩↩↩↩↩↩

  2. “Gauntlet Raises $125 Million to Power Institutional Crypto Vaults,” PYMNTS, July 2026. Accessed July 2026. https://www.pymnts.com/news/investment-tracker/2026/gauntlet-raises-125-million-to-power-institutional-crypto-vaults/↩↩↩↩

  3. “Gauntlet Raises $125 Million in Series C Funding From SBI Holdings Unit,” Bloomingbit, July 2026. Accessed July 2026. https://en.bloomingbit.io/feed/news/11592↩↩↩↩