Home Critical engine Predictive Cryptocurrency Risk Company Merkle Science Closes $ 5.75 Million

Predictive Cryptocurrency Risk Company Merkle Science Closes $ 5.75 Million


  • Merkle Science, one of the blockchain’s leading predictive monitoring and investigation platforms, has announced the closing of its $ 5.75 million Series A funding. These are the details.

Merkle Science – a leading blockchain survey and predictive monitoring platform – has announced the closing of its $ 5.75 million Series A funding round led by Darrow Holdings. And other investors in the cycle include Kraken Ventures, Bain-backed Uncorrelated Ventures, Fenbushi Capital, Token Bay Capital, Kenetic, and Lunex Ventures. Additionally, Merkle Science adds to its board a veteran venture capitalist and Head of Digital Asset Investments at Susquehanna Dean Carlson. This funding announcement comes shortly after the recent launch of Merkle Science in the US market and the hiring of Mary Beth Buchanan as President, Americas and Global Legal Director.

Unlike other blockchain monitoring and investigation tools on the market, Merkle Science’s platform takes a behavior-based approach to transaction risk management, resulting in surveillance and criminal investigation. more proactive and efficient. And the behavior-based approach allows Merkle Science’s intelligence platform to evolve with crypto-related criminal activity, simplifying crypto compliance and ultimately allowing businesses to focus on their core competencies.

Merkle Science has grown steadily, achieving a dominant presence in the APAC region since its start-up cycle in May 2019. And with clients across APAC, Europe and North America, Merkle Science has grown its turnover by more than 900% and its workforce increased. tripled in size in the last 2 years. Over the past 6 months, institutional interest in cryptocurrencies and compliance in the United States has grown, prompting the two co-founders to move their base to New York as part of Merkle’s expansion plans. Science.

In order to meet market demand and continue to sustain the momentum of the business, Merkle Science will prioritize accelerating product development to serve business segments such as enforcement agencies. law and financial institutions, will continue to evolve the behavior-based rules engine to meet the rise of privacy protocols, grow rapidly Merkle Science’s token coverage to over 500,000 tokens and customized solutions for decentralized finance (DeFi) and NFT platforms.


“We are delighted to have the support of leading investors who have an excellent track record of investing in some of the most successful fintech and blockchain startups in the world. This gives us great confidence that they are in line with our vision of building the infrastructure necessary to ensure the safe and healthy growth of the crypto industry – starting with understanding the risks associated with cryptocurrency transactions. Globally, we’ve seen strong demand, especially from financial institutions and law enforcement, as illicit crypto-related activities and regulations have taken center stage. Merkle Science’s intelligence platform is highly customizable and designed to evolve with crypto criminal activity, simplifying crypto compliance for our users and ultimately allowing them to focus on their core skills.

– Co-founder and CEO of Merkle Science, Mriganka Pattnaik

“As the crypto industry continues to evolve, regulatory challenges are the biggest barriers to widespread adoption by financial institutions. The Merkle team has the right mix of regulatory and technology expertise to become the benchmark for cryptocurrency compliance and forensics. It is a pleasure to join the Merkle Science Board of Directors and I look forward to working more closely with the team as they develop crypto compliance tools for financial services and government industries. As a member of the board of directors, Dean will provide guidance to the management team at a critical stage of growth – as crypto goes mainstream amid rapidly changing crypto regulations.

– Dean Carlson, Head of Digital Asset Investments at Susquehanna and New Board Member of Merkle Science

“We are excited about the advanced predictive analytics that Merkel Science brings to the monitoring and verification of blockchain transactions. We believe they offer a superior set of products in a market that will see significant growth in demand from businesses, financial institutions and government agencies looking to strengthen their risk management and compliance capabilities. This is why we are delighted to be able to support them on their journey to become the main crypto-risk and intelligence platform. “

– Brandon Gath, Managing Partner at Kraken Ventures

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