AnChain.AI, one Blockchain Security Company The company focused on artificial intelligence platforms announced today that it has raised US$10 million in oversubscribed Series A financing, led by SIG Asia Investments, LLLP, which is a subsidiary of Susquehanna International Group (SIG). Fin VC, Nima Capital, Hard Yaka, and Amino Capital also participated in this round of financing.
In addition, AnChain.AI also announced today that it has obtained a multi-year contract with the US Securities and Exchange Commission to provide an in-depth analysis and tracking platform for smart contracts to support the US Securities and Exchange Commission’s continuous efforts to monitor risks, improve compliance, and inform commission policies. Assets and cryptocurrencies.
Founded in 2018 by CEO Dr. Victor Fang and COO Ben Wu, AnChain.AI provides blockchain security and regulatory compliance solutions to protect the world’s leading cryptocurrency exchanges, protocols and DeFi, and daily transactions The amount reached 81 billion U.S. dollars. 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.
Its technology establishes transparency, trust and legitimacy, enabling all stakeholders to confidently and safely interact with the next iteration of the developing digital economy and global technological infrastructure. 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.
“As VASPs, financial institutions, and regulators seek to address the new era of virtual asset risks, this year’s cryptocurrency boom is just the prelude to a new wave of necessary regulatory efforts and a comprehensive reform of industry compliance methods,” said Dr. Fang. “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.”
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 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.
SIG Investment Manager Ye Li said in a statement: “AnChain.AI has made great progress in developing its market-leading encryption security technology to meet the broad needs of customers for regulatory compliance and transaction intelligence.”
In the past year, AnChain.AI’s revenue has increased by 400%, and its solutions now occupy more than 98.5% of the cryptocurrency market share. By providing real-time alerts and detection, it has ensured that billions of dollars in daily transactions on many major exchanges are early A precursor to criminal activity before traditional forms of identification.
Logan Allin, managing general partner and founder of Fin VC, said: “We are at a turning point, a moment of crossing the gap, because it is related to the adoption of digital assets by institutions and governments. The only way to bridge this gap is through AnChain.AI is such a powerful solution. We look forward to introducing these features into the financial services and financial technology industries, and continue to safely and reliably popularize these innovative technologies and asset classes.”
AnChain.AI will use the funds to accelerate product development and recruitment in R&D, engineering, customer success and sales.