Valantis Labs, the developer of modular decentralized exchange (DEX) protocol Valantis, has raised $7.50 million in pre-seed and seed rounds, valuing it at $40 million. Cyber Fund and Kraken Ventures co-led the pre-seed round and SevenX Ventures led the seed round. Other participants include Semantic Ventures, Figment Capital, Robot Ventures, Anthony Sassano and Sandeep Nailwal.