Bitscrunch, a Munich, Germany and India-based infotech blockchain startup, has secured a fundraise of US$ 750k in a seed round funding early this September. The financing round received capital from Covalent, Double Peak, GenBlock Capital, Ledger Prime, MEXC Global, and Synaps.
What the CEO has to say
Co-founder and Chief Data Scientist of bitsCrunch, Saravanan Jaichandaran, said, “We believe that blending a proven technology like Artificial Intelligence (AI) with blockchain technology can do wonders and make the ecosystem safer and more reliable. We want to put back the trust among people who still have some concerns about the technology.”
What the Investor has to say
Founder of GenBlock Capital, Bilal, said, “As the NFT ecosystem rapidly grows, we find bitsCrunch’s AI products to be essential that will further safeguard and enhance the experience of everyday users navigating the space. The team has made excellent progress in recent months. Most notably, an important partnership with ecosystem giants Rarible and Polygon, and the completion of NFTMarketcap, which will prove to be an invaluable tool for marketplace analysis.”
He added, “We are excited to see the future unravel for bitsCrunch and are confident their products will become a core component of the NFT ecosystem.”
About Bitscrunch
Founded in 2020 by Saravanan Jaichandaran, bitscrunch is a Blockchain Analytics firm that enables users to outsmart and outperform. The Ecosystem Guardians – Analytics firm making giant strides in the blockchain ecosystem by providing AI-enabled securing services that protect the ecosystem integrity, with a cross-functional team of experts backed by the leaders in the industry. The one-year-old startup aims to safeguard the NFT ecosystem. It believes that blending a proven technology like Artificial Intelligence with Blockchain technology can make the ecosystem much safer and reliable. Its mission is to create impactful insights from intricate data sources by harnessing predictive analytical systems, empowering organizations with actionable intelligence. Bitscrunnch’s product base includes:
- Crunch DaVinci – An AI model that flags forgeries, copycats and bootleg digital art contents, thereby protecting the artists and their creations.
- Liquify – A fair value estimation & analytics for Digital Assets (NFTs) using AI to empower the community to embrace and value their assets in real-time.
- Scour – An AI agent that acts as a watchdog to flag the spoofing transactions that manipulate the assets’ volume and price in the NFT ecosystem.
For more information, visit https://bitscrunch.com/.
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