Eigen Labs announces about 25% of job cuts, shifting business focus to EigenCloud

According to Foresight News, according to Blockworks, Eigen Labs announced that it would lay off about 25% of its employees (29 employees), turning its business focus to EigenCloud. EigenCloud was released last month and is a developer platform focusing on off-chain and on-chain verification. a16z announced a $70 million investment in it, and the company has raised a total of $220 million, including $50 million in its 2023 Series A financing.
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