New York, USA-based leading provider of cyber threat intelligence solutions, Cloudburst Technologies raised USD 3 million in seed funding. The round took place on May 8, 2023. Strategic Cyber Ventures (SCV) led the financing for the company. Meanwhile, Coinbase Ventures and Bloccelerate joined in the funding.
Purpose of financing for Cloudburst Technologies
With the latest proceeds from the seed funding, Cloudburst seeks to enhance the security and stability of the cryptocurrency market. It further intends to establish new standards for cyber intelligence in space.
What the company’s official has to add
Evan Kohlmann, CEO and Founder of Cloudburst Technologies, said, “We are thrilled to have the support of SCV, Coinbase Ventures, Bloccelerate, and our other strategic investors. We continue to develop cyber intelligence solutions for digital currencies. This investment is a testament to the hard work and dedication of our team. Moreover, we look forward to building on this momentum to buttress the security and stability of the cryptocurrency market by establishing new standards for cyber intelligence in the space.”
He further added, “We are excited for the opportunity to unleash the lengthy expertise of our team in the direction of a new cyberintelligence frontline. I believe that the progress we have made already speaks for itself. We hope to fundamentally change the nature of how the industry defends against digital currency fraud.”
What the investor has to add
In addition, Hank Thomas, CEO and Founder of Strategic Cyber Ventures, said, “We are excited to partner with Cloudburst Technologies and support their mission to provide innovative crypto fraud intelligence solutions that improve the stability of the digital currency ecosystem. We believe that Cloudburst’s approach will be a primary tool for securing the cryptocurrency environment, eliminating scams, and allowing for further professionalization of the industry.”
About the company
Cloudburst Technologies offers instant and real-time monitoring solutions as well as cyber threat intelligence tools. The USA-based company helps to track fraud in the cryptocurrency market live as it happens along with the actors responsible for it.
Cloudburst offers solutions catering to not just customers in the public sector but also in the web3 ecosystem and in traditional finance. Investigators can track and identify threat actors responsible for crypto fraud in a way that doesn’t depend on anonymous wallet addresses, leveraging Cloudburst’s unique and powerful set of tools.
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