StoryFunding
Eigen Labs launches EigenCloud and receives $70M from a16z crypto
Eigen Labs launched EigenCloud on June 17, 2025, a developer platform bundling EigenLayer services with EigenDA (data availability), EigenVerify (dispute resolution), and EigenCompute (off-chain execution). a16z crypto simultaneously purchased $70M in EIGEN tokens from the Eigen Foundation.
- EigenCloud provides verifiable computation for any application, blockchain or off-chain, closing the gap between developer intent and blockchain capability.
- Alpha version rolling out with performance improvements to EigenDA and limited preview of EigenVerify services.
- a16z crypto's $70M purchase follows its $100M Series B lead in Eigen Labs.
- Platform targets AI applications, prediction markets, and digital marketplaces requiring verifiable execution guarantees.