Cloudburst Technologies said it closed a $ 7 million series A financing round to develop its platform for cryptographic intelligence outside the chain.
Unlike most blockchain analysis companies that concentrate on the activity in the chain, Cloudburst, based in New York, specializes in the analysis of data sources, such as chat rooms and regulatory presentations to monitor fraud networks, illicit actors, scams and social feeling.
The round, which brings total funds since its foundation from 2022 to $ 11 million, was directed by Borderless Capital. The additional support came from Cyber ​​Ventures Strategic, Coinfund, Coinbase Ventures, Bloccelerate VC and In-Q-Tel, according to a Tuesday’s announcement.
The company says that its tools are designed to provide real -time intelligence and predictive ideas to regulators, law enforcement agencies, exchanges, investors and other market participants.
CEO Evan Kohlmann said the objective is to provide the visibility of institutions on risks and narratives that shape the digital asset ecosystem beyond the block chain.
The company’s platform ingests millions of data points outside the chain ranging from telegram groups and niche forums to regulatory presentations and news sources, applying patented AI models to identify threats and emerging patterns.
The financing will be used to expand AI and Cloudburst data sciences, accelerating products and expand its market scope to financial institutions, regulators and crypto-national companies.
Cloudburst is already working with the main exchanges of encryption, compliance equipment and government agencies. The company said it intends to climb its platform worldwide and establish itself as a standard in cryptographic intelligence outside the chain.
