Look who’s back from AI exile-Vladimir Novakovski’s new gig, Lighter, just bagged a cool $68 million. Yep, from the folks who think crypto’s the shiny new toy-Peter Thiel, Ribbit, Robinhood, you know, the usual suspects. Basically, Silicon Valley’s latest obsession, proving once again-no one ever really leaves the party.
According to a Forbes report (because who doesn’t love a good money splash), Lighter’s valuation is up to $1.5 billion. Yes, billion. That’s enough zeros to make even the most stoic coder go ‘what am I even doing here?’ And it’s only been a couple of years since its grand debut in 2022.
Apparently, Lighter’s Ethereum L2 is seriously making waves-ranking high among the big fish in total value locked. Novakovski claims his grand plan is a “transparent infrastructure layer for global finance”-which sounds impressive until you realize it’s just the latest crypto buzzword. Still, he’s pretty chill about it, claiming he’s “pretty happy” (which in crypto-land is basically a victory lap). The company shifted gears from AI-probably because crypto’s a lot more fun and a lot less existential crisis-inducing.
Once on the AI gravy train with Lunchclub, Novakovski jumped ship and turned his side hustle into Lighter, keeping most of his crew. After a previous $21 million round, they’re now flirting with a hefty $90 million total funding-making them the cool kids in the DeFi block. Rival Hyperliquid? Yeah, they’re watching nervously; it’s a perp DEX vs. perp DEX world out there, and Lighter’s said to be eyeing the throne.
FAQ 🗞️
- What is Lighter?
A decentralized exchange and Ethereum Layer 2 blockchain-think of it as a super-efficient crypto highway, minus the traffic jams. - Who invested in Lighter’s latest round?
Big names like Founders Fund, Ribbit Capital, Haun Ventures, and Robinhood-because apparently, everyone wants in on the crypto gold rush. - Where’s Lighter based?
Silicon Valley’s own baby, but with users from all over the globe who like to trade weird digital tokens at 3 a.m. - When was Lighter founded?
2022-shortly after Vladimir Novakovski switched from AI to crypto, probably realizing that AI’s too weird even for him.
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2025-11-11 21:42