AnChain.AI, a security blockchain platform powered by artificial intelligence (AI), has announced a successful raise of $10 million in an oversubscribed Series A funding round and won an SEC contract to monitor crypto and digital assets.
Founded in 2018 by cybersecurity and enterprise software veterans from FireEye and Mandiant, AnChain.AI provides blockchain security and regulatory compliance solutions to secure leading crypto exchanges, protocols, and DeFi worldwide for $81 Billion in daily transaction volume. Backed by both Silicon Valley and Wall Street VC’s; and selected in the Berkeley Blockchain Xcelerator, the company is trusted by 100+ customers from over 10+ countries in these sectors: VASP, financial institutions and government, including the SEC (Securities and Exchange Commission).
The Series A funding round was led by SIG Asia Investments, LLLP, an affiliate of Susquehanna International Group (SIG), with paticipation from Fin VC, Nima Capital, Hard Yaka and Amino Capital. AnChain.AI will use the capital to accelerate product development and recruitment across research and development, engineering, customer success, and sales.
“AnChain.AI has made great progress in developing its market-leading crypto security technology to meet its customers’ broad demand in regulatory compliance and transaction intelligence,” said Ye Li, Investment Manager at SIG.
In a press release, AnChain.AI said that it has been awarded the multi-year SEC contract to provide a platform for deep analysis and tracing on smart contracts to support the SECs ongoing efforts to monitor risk, improve compliance and inform commission policy on digital assets and cryptocurrencies.
“This year’s cryptocurrency boom is merely the preamble to a new wave of necessary regulatory effort, and a complete revamp of the industry’s approach to compliance, as VASPs, financial institutions, and regulatory bodies seek solutions to a new era of virtual asset risk,” said CEO Dr. Victor Fang. “We are building the most secure and compliant infrastructure for digital assets and have expanded our coverage across dozens of emerging blockchains and cryptocurrencies including NFT, DeFi, and stable coins to become the leading blockchain forensics and entity intelligence provider globally.”
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