USA – Merkle Science, a Singapore-based provider of a predictive crypto risk and intelligence platform, raised over $24M in Series A extension funding.
The round was led by BECO Capital, and K3 Ventures with participation from Republic Crypto, Summer Capital, 500 StartUps APAC and US, Aspen Digital, HashKey Capital, Coinhako, Kraken Ventures, Digital Currency Group (DCG), Kenetic, Uncorrelated Ventures, Fenbushi Capital, Lucy Gazmararian of Token Bay Capital, and Libertus Capital. The company intends to use the funds to accelerate its global growth expanding across the U.S. and Europe, as well as to extend its R&D efforts in emerging segments such as analytics and forensics across NFTs, DeFi, and cryptocurrency bridge protocols. Led by CEO Mriganka Pattnaik, Merkle Science is a predictive cryptocurrency risk and intelligence platform that helps crypto companies, DeFi participants, financial institutions, and government agencies detect, investigate, and prevent illegal activities involving cryptocurrencies. Its solution suite screens over 3 million digital assets per month and covers cryptocurrencies representing 96% of the current $1.13 trillion crypto market cap. It uses machine-learning to drive transaction monitoring and risk mitigation for AML compliance, offers a crypto forensics tool that tracks stolen funds and enables investigations, enhanced due diligence and entity reporting, and crypto compliance and investigations training. Merkle Science’s core team comes from Paypal, Forter, Luno, Bank of America, FBI, and the US DOJ. 11/08/2022
