Babylon raises $15 million in funding with participation from a16z Crypto

According to Odaily, Bitcoin ecosystem decentralized protocol Babylon has announced the completion of a $15 million funding round, with a16z Crypto participating. Specific valuation data has not yet been disclosed. Reportedly, Babylon's competitors include certain exchanges and other centralized service providers. The company is expected to integrate its technology with the lending protocol Aave in the second quarter of this year and currently has more than 40 employees. (Fortune)