Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Andalusia Labs raises $48M in Series A round for digital asset risk infrastructure, valued at over $1B

Andalusia Labs raises $48M in Series A round for digital asset risk infrastructure, valued at over $1B

CointimeCointime2023/12/13 15:21
By:Cointime

Andalusia Labs, a digital asset risk infrastructure company, has raised $48 million in a Series A funding round led by Lightspeed Venture Partners, with participation from Mubadala Capital and existing investors. The company has also opened its global headquarters in Abu Dhabi. The funds will be used to expand the team and develop its three digital asset technology solutions: Karak, a layer-2 blockchain; Subsea, a crypto risk management marketplace; and Watchtower, a security-centric institutional platform. The company views risk management as the "bedrock of financial stability" and plans to expand its product offerings in the future.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Hong Kong's HashKey Group launches Ethereum Layer 2 HashKey Chain on mainnet

HashKey Group has launched its Ethereum Layer 2 HashKey Chain on mainnet.HashKey joins other crypto firms like Coinbase and Kraken in building their own Layer 2 networks using the OP Stack.

The Block2024/12/18 12:33