Blockaid secures $33m in series A funding for crypto security
Blockaid, a startup specializing in advanced crypto security , has successfully raised $33 million in a Series A funding round, with Bessemer Venture Partners at the helm. The round also saw participation from existing investors such as Coinbase Ventures, Innovation Endeavors, and Aleph VC. Blockaid was founded in 2020 by a team of former Israeli intelligence and cybersecurity experts who saw the need for a more advanced and proactive approach to crypto security. The startup uses artificial intelligence and machine learning to analyze crypto wallets’ behavior and reputation and detect and prevent malicious activities such as fraud, money laundering, ransomware, and terrorism financing. You might also like: Israel finds new ally in crypto amidst conflict Blockaid’s platform enables crypto exchanges, banks, regulators, and law enforcement agencies to monitor and trace the flow of funds across different blockchain networks and to identify and block high-risk wa...