Kairos Secures $2.5 Million in Funding Led by a16z Crypto

Kairos, a prediction market platform, has successfully raised $2.5 million in a funding round led by a16z crypto. According to Foresight News, the round also saw participation from Geneva Trading, the University of Illinois, and several angel investors. The company was co-founded by Jay Malavia, CEO, and Zayd Alzein, CTO, both of whom previously worked at Cboe Global Markets. They established Kairos after recognizing the fragmented information and disjointed user experience in the prediction market industry. The platform aims to integrate market data and trading from leading prediction markets Kalshi and Polymarket, offering a fast and customizable dashboard that synchronizes news updates with trading data. Kairos plans to launch a private beta version in the coming weeks. Currently, the team consists of only the two co-founders, but they intend to begin hiring following the completion of this funding round.