Cloudburst Raises $3M in Seed Funding

Published on: 12.05.2023
Cloudburst Raises $3M in Seed Funding

Cloudburst raises $3M in Seed Funding led by Strategic Cyber Ventures, joined by Coinbase Ventures and Bloccelerate. Cloudburst Technologies provides real-time monitoring solutions and cyber threat intelligence tools to help track fraud in the cryptocurrency market live as it happens — and the actors responsible for it.

In addition, Cloudburst offers solutions that serve customers in the public sector, the web3 ecosystem, and in traditional finance. With Cloudburst’s unique and powerful set of tools, investigators track and identify threat actors responsible for crypto fraud in a way that doesn’t depend on anonymous wallet addresses.

“We are thrilled to have the support of SCV, Coinbase Ventures, Bloccelerate, and our other strategic investors as it continues to develop cyber intelligence solutions for digital currencies. This investment is a testament to our team’s hard work and dedication, and we look forward to building on this momentum to buttress the security and stability of the cryptocurrency market by establishing new standards for cyber intelligence in the space.”—Evan Kohlmann, CEO and Founder of Cloudburst Technologies

Kohlmann, who previously co-founded Flashpoint, expressed his gratitude for the opportunity to venture into the cyberintelligence market once again, with a new direction and innovative approach. “We are excited for the opportunity to unleash the lengthy expertise of our team in the direction of a new cyberintelligence frontline — and I believe that the progress we have made already speaks for itself,” he said. “We hope to fundamentally change the nature of how the industry defends against digital currency fraud.” Kohlmann also expressed his pride in representing the New York City tech community, which continues to lead the way in innovation for big data and fintech.

“We are excited to partner with Cloudburst Technologies and support their mission to provide innovative cryptofraud intelligence solutions that improve the stability of the digital currency ecosystem. We believe that Cloudburst’s approach will be a primary tool for securing the cryptocurrency environment, eliminating scams, allowing for further professionalization of the industry.”—Hank Thomas, CEO and Founder of Strategic Cyber Ventures

ABOUT Cloudburst Technologies

Cloudburst API, help clients anticipate and defend against market manipulation. Investors, exchanges, and even regulatory agencies are flying blind — and are often on the losing end of these murky transactions. Cloudburst helps you understand, anticipate, and defend against adverse market manipulation events with our suite of regulatory solutions.

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