AnChain.AI Raises $ 10 Million, Wins SEC Contract to Monitor Crypto and Digital Assets

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SAN FRANCISCO, Sept. 1, 2021 / PRNewswire / – AnChain.AI, a blockchain security company specializing in AI-powered platforms, today announced it has raised a $ 10 million funding round led by SIG Asia Investments, LLLP, a subsidiary of Susquehanna International Group (SIG) in an oversubscribed Series A. Fin VC, Nima Capital, Hard Yaka and Amino Capital also participated in the round.

AnChain.AI also announced today that it has been awarded the multi-year SEC contract to provide a platform for in-depth analysis and smart contract tracing to support the SEC’s ongoing efforts to monitor risk, improve compliance and inform the commission policy on digital assets and cryptocurrencies. .

Founded in 2018 by CEO Dr Victor Fang and COO Ben Wu, AnChain.AI provides blockchain security and regulatory compliance solutions to secure major crypto exchanges, protocols, and DeFi globally for $ 81 billion in transaction volume. day-to-day. It serves clients in more than 10 financial sector and enterprise countries, blockchain virtual asset service providers (VASPs), public sector companies and governments.

Its technology establishes transparency, trust and legitimacy to allow all stakeholders to interact confidently and securely with the developing digital economy and the next iteration of the global technology infrastructure. The AnChain.AI platform proactively protects crypto assets by providing proprietary AI, knowledge graphs, threat intelligence and data analytics on blockchain transactions, as well as in-depth transaction monitoring of cryptocurrency on a wide variety of public and private channels.

“This year’s cryptocurrency boom is just the preamble to a new wave of needed regulatory efforts and a complete overhaul of the industry’s approach to compliance, as VASPs, Financial institutions and regulators are seeking solutions to a new era of virtual asset risk, ”says Dr. Fang. “We are building the most secure and compliant infrastructure for digital assets and have extended our coverage to dozens of blockchains and emerging cryptocurrencies including NFT, DeFi and stablecoins to become the world’s leading provider of blockchain and entity intelligence investigation. “

With a market surpassing $ 1,000 billion in 2021 and a looming billion dollar AML crypto problem, the demand for overhauled regulatory frameworks and technology has never been more critical. AnChain.AI’s Machine Learning-Based Forensic Capabilities, Which Detected The First Blockchain APT (BAPT) Hack In History, Now Helping International Law Enforcement And Regulatory Efforts Of Emerging Governments both with preventive screening, as well as a post-incident investigation.

Speaking on the announcement, Ye Li, Director of Investments at SIG, said, “AnChain.AI has made great strides in developing its market-leading crypto security technology to meet the large demand from its customers. clients in regulatory compliance and transactional intelligence. “

Last year saw 400% revenue growth for AnChain.AI and its solutions now capture over 98.5% of the cryptocurrency market share, securing billions of dollars in daily transactions on numerous exchanges. major by delivering alerts in real time and by detecting the precursors of criminal activity well ahead of conventional forms of identification.

CEO and Founder of Fin VC, Logan Allin, said, “We are at an inflection point, and a time to cross the chasm, when it comes to institutional and government adoption of digital assets. The only way to bridge this gap is with robust solutions like AnChain.AI. We look forward to bringing these capabilities to the financial services and fintech industries and continuing to safely democratize access to these innovative technologies and asset classes.

AnChain.AI will use the capital to accelerate product development and recruitment in the areas of research and development, engineering, customer success and sales.

About AnChain.AI AnChain.AI is an AI-powered cybersecurity company that improves blockchain security, risk and compliance strategies. AnChain.AI, San Jose, Calif., Was founded in 2018 by cybersecurity and enterprise software veterans from FireEye and Mandiant. Supported by both Silicon Valley and Wall Street VC; and selected in the Berkeley Blockchain Xcelerator, the company enjoys the trust of more than 100 clients from more than 10 countries in these sectors: VASP, financial institutions and governments, including the SEC (Securities and Exchange Commission). Featured by CBS News, MIT Tech Review, Coindesk, and DEFCON, AnChain.AI’s AML engine filters over $ 1 billion in daily crypto transactions.

About Fin VC Fin Venture Capital focuses on enterprise FinTech SaaS businesses in the US, UK and Europe with offices in San Francisco and New York.

Fin VC has built a global asset management platform with Early Stage (Flagship) and Growth Equity (Horizons) strategies with 25 portfolio companies worldwide, including 8 unicorns, in six sub-sectors: Integrated Finance, Asset Management / Capital Markets, CFO Tech Stack. , InsureTech, Blockchain Enterprise Applications and Enabling Tech / Infrastructure,

As former business and start-up operators, led by Founder and Managing Partner, Logan Allin, and Managing Partner, Peter Ackerson, the Fin VC team takes an active, value-added approach, leveraging its operations manual to lead the companies in its portfolio with business development, capital formation, corporate development, advice to the board and sourcing of talent.

About SIG Susquehanna International Group, LLP (SIG) is a privately held trade and technology company, based in Bala Cynwyd and founded in 1987.

Media contact: Cris Rivera (323) 270-7273 [email protected]

SOURCE AnChain.AI

Related links

http://www.anchain.ai

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