AnChain.AI raised $10 million and awarded the SEC contract to monitor crypto assets »CryptoNinjas
AnChain.AI, one Blockchain Security Company The company focused on artificial intelligence platforms announced today that it has raised US$10 million in a Series A financing led by SIG Asia Investments, LLLP, a subsidiary of Susquehanna International Group (SIG). Fin VC, Nima Capital, Hard Yaka, and Amino Capital also participated.
In addition, AnChain.AI also announced that it has obtained a multi-year SEC contract to provide an in-depth analysis and tracking platform for smart contracts to support the SEC’s continuous efforts to monitor risks, improve compliance, and inform the commission policy of digital assets and cryptocurrencies.
AnChain.AI was founded in 2018 by CEO Dr. Victor Fang and COO Ben Wu to provide blockchain security and compliance solutions Secure encrypted exchange, Agreement and DeFi, daily transaction volume is $81B. It serves customers in the financial and corporate industries, blockchain virtual asset service providers (VASP), public sector companies, and governments in more than 10 countries.
The AnChain.AI platform actively protects encrypted assets by providing proprietary artificial intelligence, knowledge graphs, threat intelligence, and blockchain transaction data analysis, as well as in-depth cryptocurrency transaction monitoring on various public and private chains.
“We are building the most secure and compliant infrastructure for digital assets, and expanding our coverage to dozens of emerging blockchains and cryptocurrencies, including NFT, DeFi and stablecoins, to become the world’s leading blockchain Forensics and physical intelligence providers.”
-AnChain.AI CEO, Dr. Victor Fang
With the market surpassing $1 trillion in 2021 and the looming $1 billion cryptocurrency AML issue, the need for improved regulatory frameworks and technology has never been more important.
AnChain.AI’s machine learning-driven forensics capability has detected the first blockchain APT (BAPT) hacking in history, and is now helping international law enforcement and emerging government supervision through preventive screening and post-event investigation.
In the past year, AnChain.AI’s revenue has increased by 400%, and its solutions now account for more than 98.5% of the cryptocurrency market share. By providing real-time alerts and detection, it has ensured the early days of multi-billion dollar daily transactions on many major exchanges. A precursor to criminal activity before traditional forms of identification.
AnChain.AI will use the funds to accelerate product development and recruitment in R&D, engineering, customer success and sales.