Press "Enter" to skip to content

Blockchain Analytics Company Elliptic Raises $60M

Elliptic says that it will be using the funds to “make crypto safer”.

Blockchain analytics firm, Elliptic Enterprises Ltd. has announced raising $60 million in a Series C round.

The company sees that “10x of growth lies ahead”, which will be driven by businesses. That’s why it needs to scale at a similar pace.

With this investment round, it has onboarded Evolution and Softbank who join existing investors including two of the largest banks in the world, Wells Fargo and Santander, and two of Europe’s premier tech investors, Octopus and AlbionVC.

Further Road Ahead

Elliptic is a core blockchain analytics and tracking firm that will be committing the money to its growth to keep pace with the burgeoning industry.

It needs to scale its capacity and accuracy to “maintain the best crypto risk identification capability in the world.”

Therefore, it will be investing in improving its Research and Development department. 

To scale the capacity the platform looks to increase its workforce. By 2022, it plans to have more than 200 employees globally.

Moreover, it wishes to expand its business to the farthest corners of the world and bag more clients.

News recommendation: Chingari Raises $19M To Build Token on Solana

Be First to Comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    Disclaimer: content is informational in nature and is not meant to be investment advice. Buying, trading or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their due diligence before making any decisions. © 2020 CoinCrunch
    Latest Posts
    Send this to a friend