London-based blockchain intelligence firm Elliptic has secure $5m in Series A funding, led by Paladin Capital Group. Elliptic fit between the growing acceptance of compliance tool, together with the security that the blockchain can provide.
London-based blockchain intelligence firm Elliptic has closed a $5 million Series A funding. Santander InnoVentures, KRW Schindler, Digital Currency Group and previous investor Octopus also participated in the round. Elliptic CEO and co-founder Dr. James Smith said: “Over the last three years we have built a top-tier client base. Our products have already been used to assess risk on blockchain transactions worth billions of dollars, and we have delivered key evidence in major criminal investigations in the US and Europe. “Our new investors bring deep expertise in law enforcement, international financial services, and blockchain technology and we are excited to work with them on our next phase of growth. We have already been able to expand operations to the US and will continue to extend our portfolio of products,” he concluded.
http://venturebeat.com/2016/03/21/elliptic-raises-5-million-for-blockchain-security-apps/
