TechFlow news, September 23 — According to CoinDesk, blockchain analytics firm Cloudburst Technologies has raised $7 million in a Series A funding round led by Borderless Capital, with participation from Strategic Cyber Ventures, CoinFund, Coinbase Ventures, Bloccelerate VC, and In-Q-Tel.
Founded in 2022, the company has now raised a total of $11 million to date. Unlike traditional blockchain analytics firms focused on on-chain activity, New York-based Cloudburst specializes in analyzing off-chain data sources such as Telegram groups, forums, and regulatory filings to monitor fraud networks, bad actors, scam operations, and social sentiment.
The funding will be used to expand its artificial intelligence and data science teams, accelerate product development, and broaden market reach among financial institutions, regulators, and crypto-native companies.
