SAN JOSE, Calif., Feb. 13, 2020 /PRNewswire-PRWeb/ -- AnChain.AI, an emerging leader in blockchain security and analytics, has successfully raised a pre-A round, totalling $4.3 million since its founding, co-lead by Amino Capital and Susquehanna International Group, an early investor in the world's most valuable Internet startup ByteDance.
Mr. Ye Li, Partner at SIG, shared his perspective: "AnChain's AI-powered, smart contract-aware analytics engine will prove essential in safeguarding the blockchain ecosystem."
Investors joining this round include Susan Mason, GP of Aligned Partners, a Sand Hill Rd VC; Brightway Future LP. Brightway Future Capital is a VC deeply rooted in the Silicon Valley innovation ecosystem.
"Our customers are among the pillars of the blockchain economy," said COO and Co-founder Ben Wu. "We are committed to delivering the highest quality of ecosystem intelligence, bringing trust and transparency as cryptocurrency continues to integrate with legacy enterprise."
AnChain.AI's Blockchain Ecosystem Intelligence is trusted by the world's leading blockchain companies including Huobi, TokenInsight, and hedge funds. Its original research has brought visibility to the blockchain, including widely-cited deep learning behavior models featured by MIT TR, VentureBeat, and CoinDesk. AnChain.AI has played an active role in industry standard committees like OWASP and ISACA.
Prof. Ikhlaq Sidhu, Head of the Berkeley Blockchain Xcelerator, spoke highly of the fundraising: "We applaud AnChain.AI's efforts to facilitate legitimacy and security in the crypto industry, a key to its maturing."
"Despite the capital winter and bearish crypto market in 2019, we have proven product-market fit, and delivered great value to our customers. We're thrilled to see that our vision is shared by our investors," said Victor Fang, CEO, Co-Founder and former Head of AI at FireEye Mandiant
While the blockchain security industry is still in its infancy, representing a fraction of the $124 billion cybersecurity market, it has shown huge potential. With Facebook and JPMC making their debut, and trillion dollar institutional funds eager to enter the crypto market, the demand for comprehensive, compliant, blockchain security has yet to peak.
"A lack of effective SRC: security, risk, and compliance, is the primary obstacle to major blockchain adoption. We bring cybersecurity product best practice like UEBA, Threat intelligence, SIEM, and SOAR to the blockchain," added Victor Fang.
With the new funding, AnChain.AI will seek to expand its team and further scale the business.
About AnChain.AI
AnChain.AI delivers AI-powered Blockchain Ecosystem Intelligence for enterprise-grade Security, Risk, and Compliance.
AnChain.AI aims to provide transparency and a common knowledge of trust surrounding blockchains and cryptocurrencies, so that all stakeholders can freely integrate with the next iteration of global technological infrastructure.
By providing blockchain data analytics and in-depth cryptocurrency transaction monitoring on a wide variety of public and private chains, we allow the full range of industry stakeholders to confidently interact with the developing digital economy.
Get in touch with us at [email protected]
SOURCE AnChain.AI
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