Crypto analytics firm Elliptic lands $120 million as AI reshapes blockchain compliance
Elliptic raised $120 million, backed by Nasdaq and Deutsche Bank, to enhance its AI-powered crypto security and compliance tools.Summary
Blockchain analytics firm Elliptic has secured $120 million in funding from investors including Nasdaq Ventures and Deutsche Bank. The investment, led by One Peak, values the company at $610 million and will be used to expand Elliptic's AI-driven monitoring and risk analysis tools. This funding comes amid increasing security breaches in the crypto space and growing demand for robust compliance and anti-money laundering controls from financial institutions. Elliptic's software tracks crypto transactions across various blockchains, flagging illicit activities, and is used by exchanges, banks, and government agencies. The company plans to develop AI agents to automate manual compliance tasks, allowing analysts to focus on investigating financial crime.
(Source：CoinDesk)