Capital will fuel product development across trading, risk, portfolio, treasury, and settlement tools for institutional clients. The round includes new strategic investors like Robinhood Markets and Sony Innovation Fund, alongside returning backers like a16z crypto. Talos just pulled in another $45 million for its Series B, pushing the round up to $150 million and bumping the company’s value to around $1.5 billion. Talos says they decided to extend the round because so many institutional partners wanted a bigger stake in what they’re building. Use of Funds and Strategic Growth PlansAccording to Talos, the funds acquired from the Series B extension will be focused on advancing product development across its platform.