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