Get All Access for $5/mo

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.

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. 
Data & Recovery

Get $60 off This Portable VPN Travel Router

Why keep paying for a VPN service when you can have a tiny, lightweight piece of hardware that can provide you with a lifetime of maximum VPN protection?

Growing a Business

6 Effective Strategies to Secure Funding

Use these six proven strategies to secure the funding you need.

Growing a Business

How Visionary Leaders Transform Curiosity Into Groundbreaking Ideas

Lee Brian Schrager, founder of the South Beach Wine & Food Festival, discusses the spark that launched FoodieCon, his best practices for running popular food events, and why all business owners need to adapt to social media trends.

Business News

In Just 3 Words, Kevin O'Leary Offers a Grim Outlook on Interest Rates and Inflation

The "Shark Tank" star appeared on Fox Business' "Sunday Night in America with Trey Gowdy" and said it is "hard to see" mortgage rates dropping any time soon.

Business News

Toyota Loses Over $15 Billion in Market Value After Investigation

The company was accused of falsifying engine test results that stopped shipment on three vehicle models earlier this year.

News and Trends

Battery Smart Raises USD 65 Mn in Series B to Boost EV Battery Swapping Network

Orios Venture Partners achieves a 29x return with a strategic partial exit from Delhi-based EV startup, enhancing early-stage investment success.