Crypto Risk Monitoring Platform Solidus Labs Raises $45M
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Round was Led by Liberty City Ventures
The round was led by Liberty City Ventures, with Evolution Equity Partners and Declaration Partners. Angel investors include Brian Brooks, former U.S. Acting Comptroller of the Currency, and Christopher Giancarlo, former chairman of the Commodities Futures Trading Commission.
The funds will help Solidus address the crypto industry’s growing demand for risk monitoring amid surging scams and ransomware attacks.
“The additional funds will allow us to support the growing cohort of financial institutions looking to expand into the DeFi space, accelerate the deployment of our threat intelligence capabilities, and expand our R&D to solve a fast-growing array of DeFi specific use-cases and needs," said Asaf Meir, founder, and CEO, in a statement.
Solidus' Growing Demand
Formed in 2017, Solidus was launched with the aim of helping companies spot and report market manipulation.
In November 2021, the firm had raised $15 million in strategic funding, adding to a prior Series A of $20 million. The team has reportedly quadrupled since the beginning of 2021, as more demand for security in the space has increased over the past year.