Blockchain compliance specialist Elliptic secures m Series A funding

London-based Elliptic, which provides forensic compliance intelligence to blockchains, has secured $5m Series A funding led by Paladin Capital, a Washington-based VC specialising in disruptive security applications. Santander InnoVentures, KRW Schindler, Barry Silbert’s Digital Currency Group, and existing investor, Octopus Ventures are also backing Elliptic’s technology. Elliptic uses graph analysis and machine learning to identify illicit activity in blockchain transactions. As more companies and governments around the world adopt blockchain technology, Elliptic’s data and analytics services will be in strong demand in both the private and public sector, the company said in a statement. This new capital will allow Elliptic to consolidate its position as the global benchmark in blockchain compliance, fraud detection, and investigations technology, and maintain its advantage in bringing confidence and clarity to the blockchain ecosystem, it…


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