Elliptic Raises $5 Million to Expand Bitcoin Surveillance Tools
Bitcoin surveillance startup Elliptic has raised $5m in Series A funding in a round that involved a private equity firm with strong US defense and intelligence connections. Paladin Capital Group led the round, which also drew support from Santander InnoVentures, KRW Schindler, Digital Currency Group and Octopus Ventures, an existing investor in the firm. Paladin counts former National Security Agency director and retired Lieutenant General Kenneth Minihan among its leadership. The firm, according to its website, invests primarily in companies focused on defense, cybersecurity and....
Related News
On Monday, the blockchain intelligence firm Elliptic announced the company has raised $60 million in a Series C financing round. Elliptic plans to leverage the capital to expand the team and “accelerate” blockchain research and development (R&D).
Elliptic Raises $60 Million to Bolster Expansion
There’s been a number of capital investments and finance injections directed at companies within the crypto ecosystem. On October 11, the blockchain surveillance company Elliptic revealed the firm has raised $60 million from strategic investors. Elliptic highlights....
London-based Bitcoin Blockchain surveillance and forensic compliance intelligence startup Elliptic has secured $5 million in a Series A funding round led by Paladin Capital Group. The round also gained support from Santander InnoVentures, KRW Schindler, Digital Currency Group and existing investor, Octopus Ventures. A press release by Elliptic has announced that the firm has raised $5 million in Series A funding round. The new capital, according to the announcement will help enable Elliptic to further strengthen its position as a leading player in blockchain compliance, fraud detection and....
Elliptic, a bitcoin surveillance startup based in the United Kingdom, has raised US$5 million from prominent venture capital firms and angel investors to identify illicit activity on the Bitcoin blockchain and provide actionable intelligence to financial institutions and law enforcement agencies. James Smith, one of the co-founders of Elliptic stated that the company’s software implements an artificial intelligence-based technology to explore the Bitcoin blockchain network for patterns of suspicious transactions and activity. The Elliptic platform can be used by online exchanges and law....
The blockchain intelligence and surveillance firm Chainalysis announced the company has raised $100 million in Series E funding from investors such as Coatue, Benchmark, Accel, Addition, Dragoneer, Sequoia Heritage, and SVB Capital. The financing brings the company’s valuation to $4.2 billion and it aims to expand its resources and deepen data to cover more cryptocurrencies and focus on use cases like decentralized finance (defi). Chainalysis Raises $100 Million, Blockchain Intelligence Firm’s Valuation Now Over $4 Billion The blockchain Satoshi designed is a transparent....
As the Russia-Ukraine conflict continues, blockchain surveillance companies have discussed and implemented ways to combat sanctioned countries from using digital assets. Last week, Chainalysis revealed screening tools for crypto firms that aim to comply with international sanctions. On Monday, the CEO of Elliptic published a blog post describing the company’s work to combat sanction evasion. Elliptic CEO Speaks on the Company’s ‘Work to Combat Sanction Evasions in Crypto’ This week, Simone Maini, the chief executive officer of the blockchain surveillance firm....