bitsCrunch Raises $3.6 Million In Private Round The funds will be utilized to expand its team in India and to secure prominent blockchain technologies such as Solana, Polkadot, Algorand, among others

By Shrabona Ghosh

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Company handout

bitsCrunch, a blockchain analytics firm providing secured services using artificial intelligence (AI) to safeguard the NFT ecosystem, on Thursday raised $3.6 million in a private round of funding from Animoca Brands with participation from Coinbase Ventures, Crypto.com Capital, Polygon Studios, among others.

The funds will be utilized to expand its team in India and to secure many prominent blockchain technologies such as Solana, Polkadot, Algorand, among others, said a statement.

"With the increasing number of non-fungible digital assets in circulation and the rise in NFT marketplaces, bitsCrunch has the potential to contribute meaningfully to the safety and security of the emerging open metaverse," said Yat Siu, executive chairman and co-founder of Animoca Brands.

"We are glad to be backed by some of the best-in-class investors like Animoca Brands, Coinbase Ventures, Crypto.com Capital, Polygon Studios and other leaders in the blockchain industry," said Vijay Pravin, founder and CEO of bitsCrunch.

bitsCrunch is headquartered in Munich, Germany, and has operations in India. bitsCrunch helps people to take decisions on purchasing NFTs, added the statement.

Wavy Line
Shrabona Ghosh

Correspondent

A journalist with a cosmopolitan mindset. I lead a project called 'Corporate Innovations' wherein I cover corporates across verticals and try to tell stories on innovations. Apart from this, I write industry pieces on FMCGs, auto, aviation, 5G and defense. 

Related Topics

Growing a Business

How to Disrupt Hustle Culture and Build a Business That Supports Your Wellness

You can leave work at five each day. You can turn off your phone in the evenings and take weekends off. You can exercise. You can be fully present with your family. You will be better for it, and so will your business.

Career

How to Overcome Imposter Syndrome as a Young Entrepreneur

How to recognize, cope with and overcome the feelings of self-doubt and inadequacy that plague many aspiring business owners.

Growing a Business

6 Unconventional Growth Tactics to Generate Immediate Ecommerce Revenue

When you're short on making payroll, these tactics can help put immediate cash in your pocket.

Growing a Business

How to Build a Thriving Community That Will Skyrocket Your Business

Build a strong community, and transform your business with these proven strategies.

Data & Recovery

This Father's Day, Give the Gift of No More Low Storage Warnings

Save 85% on 1TB of cloud storage for Father's Day.