Symbiotic operates a platform that enables users to "restake" crypto tokens across different blockchain apps to increase security and rewards. The company deployed feature-complete core contracts on Ethereum mainnet in January 2025, establishing the first shared security system with customizable slashing capabilities. Symbiotic reports 14 networks already live and over 35 in various integration stages, with 20+ networks in its pipeline. It plans to use recent funding to expand its core team and ecosystem support structures to meet growing network demand and to build enhanced SDKs and tooling to streamline integrations. The company also aims to extend functionality across slashing mechanisms, cross-chain collateral composition, and risk modeling to enable new economic primitives. Symbiotic's founding team includes Misha Putiatin, Jillian Friedman, Algys Ievlev, and Felix Lutsch. Symbiotic develops a shared security protocol that serves as a thin coordination layer, empowering network builders to control and adapt their own (re)staking implementation in a permissionless manner. Led by CEO Misha Putiatin, the company describes itself as a generalized shared security system enabling decentralized networks to bootstrap sovereign ecosystems. Its permissionless protocol enables network builders to bootstrap economic security via customized restaking implementations across different assets. Symbiotic raised $5.8M in Seed funding to support its growth. The company intends to use the funds to expand operations and its development efforts. Launch partners include Ethena, Bolt (built by Chainbound) and Hyperlane.

Total raised

$35M

Funding rounds

2

Latest round

Series A

Latest activity

Apr 2025