What is Amulet?
Founded in 2020, Amulet operates as a DeFi insurance protocol specifically designed for Rust-based ecosystems. The company aims to provide a layer of security and risk mitigation for decentralized finance applications, a critical component for broader adoption and institutional trust in the crypto space. Its focus on Rust-based ecosystems suggests a strategic targeting of platforms like Solana, which heavily utilize the language.
How much funding has Amulet raised?
Amulet has raised a total of $6M across 1 funding round:
Angel/Seed
$6M
Angel/Seed (2022): $6M with participation from Solana Ventures, Republic Capital, and gumi Cryptos Capital
Key Investors in Amulet
Solana Ventures
Solana Ventures is an investment arm focused on supporting the growth of the Solana ecosystem, likely backing projects that enhance its utility and adoption.
Republic Capital
Republic Capital is an investment firm that supports a diverse range of ventures, likely evaluating Amulet for its potential in the rapidly evolving DeFi landscape.
gumi Cryptos Capital
gumi Cryptos Capital (gCC) is a boutique early-stage venture capital firm based in Silicon Valley that invests in the blockchain and cryptographic asset space, focusing on the crypto native stack from Layer 1 to application layers. Since its inception in 2018, gCC has supported innovative builders in the industry, leveraging its entrepreneurial experience and global networks. The firm believes in the transformative potential of the Internet, which it sees as the largest market in history, to be rebuilt on new protocols that enhance the transfer of digital assets and decentralize ownership. gCC also invests in traditional businesses that support the crypto ecosystem.
What's next for Amulet?
The substantial enterprise-level funding Amulet has garnered indicates a strong belief in its growth trajectory and market potential. This capital infusion is likely to fuel further development of its insurance products, expansion into new markets, and strengthening of its technological infrastructure. The strategic nature of the recent investment suggests potential partnerships or integrations that could accelerate Amulet's market penetration and solidify its position as a key player in DeFi security.
See full Amulet company page
