Core developer of Cosmos, Informal Systems, announced the completion of a $5.3 million financing round with CCMC Global leading, and participation from Nascent, Maven11, as well as angel investors from Celestia and EigenLayer. The funds raised will be used to promote the development of its security audit division, Informal Security.
According to The Block, Informal Systems has played an important role in developing blockchain technology that supports the Cosmos ecosystem, including helping to establish Interchain Security. In addition, Informal Systems also includes a project called Collaborative Finance, which aims to integrate Cosmos technology with fintech products to provide working capital for enterprises.
Reference: https://www.theblock.co/post/233451/informal-systems-funding-round
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