Crypto Intelligence Firm Arkham Raises $11.2 Million
Arkham Inc., a leading provider of crypto intelligence and analytics, has closed its Series A funding round with $11.2 million.
The funding round was led by Morgan Creek Digital and included participation from Shark Tank's Kevin O'Leary and Castle Island Ventures.
Arkham's platform helps users track and analyze the crypto activity of any person or organization. This information can be used to identify potential risks and opportunities, as well as to comply with regulatory requirements.
The company's technology has been used by a number of high-profile organizations, including the FBI and the SEC. Arkham is also a member of the Digital Currency Group, which is one of the largest investors in the crypto space.
The funding will be used to expand Arkham's team and product offerings. The company plans to hire more engineers and data scientists, and to develop new features that will make its platform even more valuable to users.
Arkham's CEO, Miguel Morel, said that the funding will help the company "continue to meet the growing demand for crypto intelligence." He added that the company is "excited to partner with Morgan Creek Digital and our other investors to bring our platform to a wider audience."
The funding round is a sign of the growing interest in crypto intelligence. As more and more people invest in crypto assets, the need for tools to track and analyze this activity will only increase. Arkham is well-positioned to meet this need, and its Series A funding round will help the company to continue to grow and innovate.
**Conclusion**
Arkham's Series A funding round is a major milestone for the company. The funding will allow Arkham to expand its team and product offerings, and to continue to meet the growing demand for crypto intelligence. As the crypto market continues to grow, Arkham is well-positioned to become a leading provider of tools and services to help users track and analyze this activity.
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