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Blockchain Analytics Startup Amberdata Raises $15M in Funding Round Led by Citigroup
The firm will use the funds to double its research and development headcount and expand internationally.
Updated May 11, 2023, 4:14 p.m. Published Sep 14, 2021, 3:32 p.m. 1 min read
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
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