US EditionExclusive: Coinbase and Cruise alums raise $15 million for crypto compliance startup CipherOwl
4 Articles
4 Articles
Exclusive: Coinbase and Cruise alums raise $15 million for crypto compliance startup CipherOwl
Banks and fintechs have long deployed a suite of tech to flag suspicious transactions and ensure they’re not catering to bad actors. Now, as crypto seeps into mainstream finance, these same institutions need software to monitor crypto transactions. A new startup called CipherOwl is helping to do just that, and, on Thursday, announced that it had raised $15 million to help businesses with crypto compliance. The venture firms General Catalyst and …
Key points of the news CipherOwl raises $15 million in a funding round, with the participation of Coinbase Ventures, but led by General Catalyst and Flourish Ventures The company will allocate the capital to expand its AI technology applied to the crypt ecosystem and its regulations The purpose is to automate and expedite crypto compliance (AML and sanctions) for institutions in an increasingly strict regulatory environment. The novel regulatory…
CipherOwl raises $15 million to advance AI-driven crypto compliance
The post CipherOwl raises $15 million to advance AI-driven crypto compliance appeared on BitcoinEthereumNews.com. CipherOwl, a crypto compliance startup founded by former Coinbase and Cruise engineers Leo Liang and Ming Jiang, has raised $15 million in seed funding led by General Catalyst and Flourish Ventures, with participation from Coinbase Ventures and Enlight Capital. Originally reported by Fortune, the San Francisco–based firm develops art…
AI-Powered Crypto Compliance Startup CipherOwl Announces $15M Funding
Quick take: The company has already attracted customers, including Coinbase and the crypto exchange OKX, since it began selling its product in December. There are also some unnamed customers from the public sector and law enforcement, according to the report by Fortune. CipherOwl is looking to carve out its own niche in a rather crowded space that includes industry giants Chainalysis, Elliptic, and TRM Labs, among others. CipherOwl, a crypto …
Coverage Details
Bias Distribution
- 100% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
