Blockchain Analytics Startup Amberdata Raises $15M in Funding Round Led by Citigroup

Digital asset analytics firm Amberdata has raised $15 million in a Series A funding round that was led by Citigroup, the company announced Tuesday.

• Other investors in the funding round included Franklin Templeton, Galaxy Digital, Rovida Kruptos Assets and executives at GoldenTree Asset Management.
• Amberdata said it will use the funds to double its research and development headcount and expand its operations in the U.S. and internationally.
• The digital asset analytics firm analyzes more than eight million blockchain network transactions and over $500 billion in trading activities daily.
• “Data and insights will continue to play a pivotal role in creating transparency and strengthening risk management frameworks for digital assets,” Siris Singh, Americas head of markets strategic investments at Citigroup, said in a statement.

Read more: Amberdata Discovers ‘RPC Call’ Bug in Parity Ethereum Client