A16z backs EigenLayer’s EigenCloud rollout with $70 million EIGEN investment

Description

a16z has backed the launch of EigenLayer’s new platform, EigenCloud, with a $70 million investment in EIGEN tokens. EigenCloud aims to bring verifiability and transparency to both blockchain and traditional applications.

Authors

Oluwapelumi Adejumo

Publish date

June 17, 2025

Publisher

CryptoSlate

Web URL

https://cryptoslate.com/a16z-backs-eigenlayers-eigencloud-rollout-with-70-million-eigen-investment

Referenced by

Eigen Labs launches EigenCloud and raises $70M from A16z

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News story

This follows its $100 million Series B investment in Eigen Labs in 2024.

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Quote

Venture capital firm Andreessen Horowitz (a16z) has invested an additional $70 million in EIGEN tokens to support the rollout of EigenCloud and the broader EigenLayer ecosystem.

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