Published By Feedzy
AnChain.AI, a blockchain security company specializing in AI-powered platforms, today announced that it raised $10 million in a Series A funding led by SIG Asia Investments, LLLP, an affiliate of Susquehanna International Group (SIG). Fin VC, Nima Capital, Hard Yaka, and Amino Capital also participated.
Moreover, AnChain.AI also announced 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 SEC in ongoing efforts to monitor risk, improve compliance and inform 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 crypto exchanges, protocols, and DeFi for $81B in daily transaction volume. It serves clients in over 10 countries across the financial and enterprise industry, blockchain Virtual Asset Service Providers (VASP), public sector companies, and governments.
The AnChain.AI platform proactively protects crypto assets by providing proprietary AI, knowledge graphs, threat intelligence and data analytics on blockchain transactions, and in-depth cryptocurrency transaction monitoring on a wide variety of public and private chains.
“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.”
– AnChain.AI CEO, Dr. Victor Fang
With the market exceeding $1 trillion in 2021, and a looming billion-dollar crypto AML problem, demand for revamped regulatory frameworks and technologies have never been more critical.
AnChain.AI’s machine learning-powered forensic capabilities, which detected the first Blockchain APT (BAPT) hack in history, is now helping international law enforcement and emerging government regulatory efforts with both preventive screening, as well as post-incident investigation.
This past year has seen a 400% growth in revenue for AnChain.AI and its solutions now capture over 98.5% of the cryptocurrency market share, securing billions of dollars in daily transactions across many of the major exchanges by delivering real-time alerts and detect the precursors of criminal activity well before conventional forms of identification.
AnChain.AI will use the capital to accelerate product development and recruitment across research and development, engineering, customer success, and sales.