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Cloudburst Technologies, a top cyber threat intelligence solutions provider focused on digital currency and cryptocurrency fraud, announced the successful completion of a $3 million seed investment round today. The investment was led by Strategic Cyber Ventures (SCV) and joined by Coinbase Ventures and Bloccelerate.
Cloudburst Technologies delivers realtime monitoring solutions and cyber threat intelligence tools, enabling live tracking of fraud in the cryptocurrency market and the identification of the threat actors behind it. Cloudburst’s solutions cater to customers in the public sector, the web3 ecosystem, and traditional finance. By leveraging Cloudburst’s unique and powerful toolset, investigators can track and identify threat actors responsible for cryptofraud without relying on anonymous wallet addresses.
Evan Kohlmann, CEO and Founder of Cloudburst Technologies, expressed his excitement about the support from SCV, Coinbase Ventures, Bloccelerate, and other strategic investors. “This investment is a testament to the hard work and dedication of our team, and we look forward to building on this momentum to buttress the security and stability of the cryptocurrency market by establishing new standards for cyberintelligence in the space,” he said.
Kohlmann, who previously co-founded Flashpoint, is grateful for the chance to enter the cyberintelligence market again with a fresh approach. “We hope to fundamentally change the nature of how the industry defends against digital currency fraud,” he said. Kohlmann also takes pride in representing the New York City tech community, which continues to be a leader in big data and fintech innovation.
Hank Thomas, CEO and Founder of Strategic Cyber Ventures, shared his enthusiasm for partnering with Cloudburst Technologies. “We are excited to support their mission to provide innovative cryptofraud intelligence solutions that improve the stability of the digital currency ecosystem,” he said. “We believe that Cloudburst’s approach will be a primary tool for securing the cryptocurrency environment, eliminating scams, and allowing for further professionalization of the industry.”