Karak is the universal restaking layer that makes it easy to provide cryptoeconomic security with any asset, and unlocks a new design space for developers to seamlessly and securely create innovative infrastructure designs.Karak enables protocols to tap into robust and secure trust networks from day one, significantly lowering the barrier to securing new protocols and eliminating the need for protocols to incentivize their own validator sets with a highly dilutive reward mechanism, making the process of bootstrapping security more scalable, accessible, and affordable.

December 13, 2023, Andalusia Labs, the global leader in digital infrastructure for digital assets, has successfully raised $48 million in Series A funding round, positioning the company’s equity valuation north of $1 billion. Prominent Silicon Valley venture capital firm Lightspeed Venture Partners led the round with participation from Mubadala Capital, the asset management subsidiary of Mubadala Investment Company, a $280 billion global sovereign investor headquartered in Abu Dhabi, and existing investors Pantera Capital, Framework Ventures, Bain Capital Ventures, and Digital Currency Group. Other existing investors include industry giant Coinbase, Proof Group, Nima Capital, and Naval Ravikant.

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