Cloudburst Secures $7M Series A for Off-Chain Crypto Intelligence Platform

  • Cloudburst Technologies secured $7 million in Series A funding to enhance its off-chain crypto intelligence platform, bringing total funding to $11 million since 2022.
  • Unlike typical blockchain analytics firms, Cloudburst focuses on off-chain data such as chatrooms and regulatory filings to track fraud, illicit activities, scams, and social sentiment.
  • The funding round was led by Borderless Capital with additional investments from Strategic Cyber Ventures, CoinFund, Coinbase Ventures, Bloccelerate VC, and In-Q-Tel.
  • The platform aims to provide real-time intelligence and predictive insights for regulators, law enforcement, exchanges, investors, and other market participants.
  • CEO Evan Kohlmann highlighted the platform's goal to offer visibility into risks and narratives affecting the digital asset ecosystem beyond the blockchain.
  • Cloudburst's platform processes millions of off-chain data points using AI models to identify threats and patterns.
  • Funds will be used to expand AI and data science teams, accelerate product development, and increase market reach targeting financial institutions, regulators, and crypto-native firms.
  • Cloudburst collaborates with major crypto exchanges, compliance teams, and government agencies, aiming to scale globally and set a standard in off-chain crypto intelligence.