Crypto-native risk monitoring and market surveillance leader Solidus Labs has secured $20 million as part of its series A funding round, led by Evolution Equity Partners, the company announced Monday.
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This funding round also includes angel investors such as former CFTC Chair Christopher Giancarlo, former SEC Commissioner Troy Paredes, former CFTC Chief Innovation Officer Daniel Gorfine, StarCompliance Founder Marc Epstein, International Securities Exchange Founder David Krell, AngelList Founder Naval Ravikant, SecurityScorecard Founders Sam Kassoumeh and Aleksandr Yampolskiy, serial entrepreneur Jeff Fagnan and Takoma Group Founder Alex Acree.
According to Solidus Labs founder and CEO Asaf Meir, "Crypto and digital assets aren't just transforming financial services, they're also driving a major transformation in how capital markets, and finance as a whole, will be regulated. As both innovators and regulators strive to harness these new technologies and make finance more accessible, transparent and efficient, crypto has also exposed the soft underbelly of legacy risk monitoring solutions, which Solidus Labs addresses."
The additional funding will enable Solidus Labs to continue developing its technology while mitigating the new risks they introduce, and extend its reach and impact. Meir says the company plans to significantly expand its Tel Aviv and London R&D offices.
