Eigen Labs Lays Off Staff Following $70 Million Raise: Report

Eigen Labs has laid off 25% of its employees to refocus on EigenCloud, a developer platform for verification, according to a report from Blockworks. The decision, reportedly not driven by financials, aims to streamline resources and leadership for long-term sustainability. Impacted employees received accelerated token vesting and three months' pay. The company recently raised $70 million from Andreessen Horowitz.