Co-founders Eugene Chen and Jarry Xiao, who have backgrounds in high-frequency trading, founded Ellipsis Labs in 2022. According to a statement from Haun Ventures, their "key insight" was that "high-performance financial products can rival traditional finance without sacrificing transparency, auditability or censorship resistance."

https://www.coindesk.com/tech/2024/10/31/ellipsis-labs-raises-20m-from-haun-ventures-to-launch-verifiable-finance-blockchain-atlas/?stream=top