Cloudburst Technologies said it closed a $ 7 million financing round to develop its platform for Crypto-Intelligency from Chain.
Unlike most blockchain analysis companies that concentrate on activity on chain, New York-based Cloudburst is specializing in analysis of data sources such as chatrooms and regulatory archiving for monitoring fraudstings, illegal actors, scams and social mood.
The round, which brings the total funding since its 2022 boundary to $ 11 million, was led by boundless capital. Further support came from strategic cyber-ventures, coinfund, Coinbase Ventures, Bloccelerate VC and In-Q-Tel, according to a Tuesday announcement.
The company says its tools are designed to provide real -time intelligence and predictable insights to supervisory authorities, law enforcement authorities, exchanges, investors and other market participants.
CEO Evan Kohlmann said the goal is to give institutions visibility in risks and narratives that shape the digital active ecosystem beyond blockchain.
The company’s platform occupies millions of data points outside the chain ranging from telegram groups and niche forums to regulatory archives and news sources using proprietary AI models to identify new threats and patterns.
The funding goes towards expanding Cloudburst’s AI and Data Science teams, accelerating product development and expanding its reach to financial institutions, regulators and crypto-native companies.
Cloudburst is already working with major crypto exchanges, compliance teams and state agencies. The company said it intends to scale its platform globally and establish itself as a standard in off-chain crypto-intelligence.
