Cloudburst Technologies Secures $7M Series A to Expand Off-Chain Crypto Intelligence
Cloudburst Technologies, a New York-based company specializing in off-chain crypto intelligence, has announced the closing of a $7 million Series A funding round. This investment will fuel the development of its platform for monitoring fraud networks, illicit actors, scams, and social sentiment beyond blockchain data.
Funding Details and Investors
The Series A round was led by Borderless Capital, bringing Cloudburst's total funding since its founding in 2022 to $11 million. Other notable investors include Strategic Cyber Ventures, CoinFund, Coinbase Ventures, Bloccelerate VC, and In-Q-Tel. The funds will be allocated to expanding the company's AI and data science teams, accelerating product development, and broadening its market reach.
Cloudburst's Off-Chain Approach
Unlike many blockchain analytics firms that primarily focus on on-chain activity, Cloudburst distinguishes itself by analyzing a wider range of data sources. These include chatrooms, niche forums, regulatory filings, news sources, and even the dark web. This allows the company to provide a more comprehensive view of the digital asset ecosystem.
Real-Time Intelligence and Predictive Insights
According to the company, its tools are designed to provide real-time intelligence and predictive insights to a variety of market participants. This includes regulators, law enforcement agencies, exchanges, investors, and other institutions involved in the digital asset space. The platform ingests millions of off-chain data points, applying proprietary AI models to identify emerging threats and patterns.
Vision for a Safer Crypto Ecosystem
Evan Kohlmann, CEO of Cloudburst Technologies, emphasized the company's mission: "We want to give institutions the ability to see the full spectrum of threats and narratives shaping the digital asset ecosystem." This holistic approach aims to provide greater visibility into risks that extend beyond the blockchain.
Detecting and Preventing Crypto Scams
Cloudburst was founded to combat fraud and scams in the crypto space. By monitoring off-chain data such as Telegram groups, forums, social media and even the dark web, the company can identify early warning signs. This allows them to detect and prevent potential scams like “pump and dumps,” “pig butchering,” and market manipulation before they cause major harm.
Growing Market Demand
The investment highlights the growing demand for off-chain crypto intelligence as scams become more sophisticated and regulators increase scrutiny. Cloudburst already partners with major exchanges, compliance teams, and government agencies. The company plans to scale its platform globally, solidifying its position as a leader in the field.
Future Growth and Expansion
With the new funding, Cloudburst Technologies plans to expand into Europe, Asia, and the Middle East, as demand grows for smarter tools to track fraud across borders. The company believes that the combination of off-chain and on-chain intelligence will become the standard for effectively combating crypto scams.
