On October 9th, cryptocurrency compliance startup CipherOwl announced that it completed a funding round of 15 million USD. This round was co-led by General Catalyst and Flourish Ventures, with participation from notable investors including Coinbase Ventures and Enlight Capital.
CipherOwl, co-founded by ex-Coinbase engineers, specializes in AI-enhanced transaction monitoring and compliance analysis. Their services aim to streamline processes for clients such as cryptocurrency exchanges and law enforcement agencies by automatically generating reports on suspicious activities.
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