Blockchain-based cybersecurity platform AnChain.ai has secured an undisclosed investment from AMINO Capital.
The seed round was a ‘multi-million-dollar round’ and also received commitments from CRCM Ventures, a Wall Street hedge fund.
Following this funding round, AnChain will look to further the development of its Smart Contract Auditing Platform (CAP) and Situational Awareness Platform (SAP). In addition to this, it will release reports related to blockchain advanced persistent threat, a term coined by the company to define and identify attacks on the blockchain.
Silicon Valley-based AnChain is an online security platform which aims to protect smart contract assets like ETH, ERC20 and BTC. The SAP platform uses AI, knowledge graph and threat intelligence to nullify threats and fraudulent attempts in order to provide secure blockchain transactions.
Its CAP platform provides automated smart contract online auditing and scans to identify any threats or known vulnerabilities.
AnChain.ai founder Victor Fang said, “Along with the increasing awareness in cryptocurrency like Bitcoin and Ethereum, the blockchain market is huge and attractive to both investors and hackers.
“Compared to the traditional internet industry, hackers targeting the blockchain can directly steal cryptocurrency due to its anonymous and decentralized portraits. It’s really easier for those hackers to cash out and that is why hacking is more rampant and can create more threats than ever.”
Last year, AMINO Capital was looking to raise $100m for its third investment fund, and had pulled in up to $20m, as per a US SEC filing. The status of this vehicle is unclear, but its predecessor closed on $50m in 2016.
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