Cloudwall Capital
The business, the turning points, and the decisions behind them.
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Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
Cloudwall Capital, founded in 2021 by ex-Morgan Stanley managing director Kyle Downey together with Jia Yng Wee and Ilya Kulyatin, built digital-asset risk management software for institutional investors. Its Serenity platform gave institutions risk analytics and research to help them build crypto portfolios and manage volatility. The US- and Singapore-based company raised a $6.3 million seed round in June 2022 led by LocalGlobe and Illuminate Financial. In April 2024 the business and its team of under 50 were acquired by Talos, an institutional digital-asset trading technology provider valued at $1.25 billion.
02 / FAILURE REASONS
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03 / EVENT HISTORY
Events in the structured record
- Company founded
Kyle Downey, Jia Yng Wee and Ilya Kulyatin found Cloudwall Capital; the US entity is set up in October 2021 and the Singapore entity that December.
- Funding round
Cloudwall raises a $6.3 million seed round led by LocalGlobe and Illuminate Financial to develop the Serenity risk platform.
- Acquisition
In April 2024 Cloudwall and its team are acquired by Talos to expand the latter's institutional portfolio-management capabilities.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
Material for this section is being gathered and checked. It will appear here once ready.