Tech
Cloudburst Technologies drives innovation in cryptocurrency KYC and cyber intelligence, advancing with enhanced offerings, team expansion and strategic partnerships
NEW YORK, April 15, 2024 /PRNewswire/ — Cloudburst Technologies, the leading provider of crypto KYC and off-chain cyber intelligence, is rapidly accelerating its growth, with expanded data offerings, increased team size and new partnerships in both commercial and public sectors.
Cloudburst has leveraged AI technology for large-scale data classification and analysis in real-time, improving its ability to detect potential fraud and market price signals. The data science team, led by technical lead Ben Turner, has developed several proprietary methodologies to evaluate the market influence of online players, based on their activities, impacts and accuracy. In the past three months alone, the company has more than doubled the total number of suspected crypto fraudsters in its data pool and more than tripled the number of chat messages on social media.
From an initial focus on price manipulation and pump-and-dumps, Cloudburst has quickly expanded to cover a variety of crypto fraud actors engaged in cryptocurrency draining, wash trading, and pig slaughter. Cloudburst has already identified over 5,000 fake cryptocurrency trading websites used in alleged pig slaughter campaigns and confirmed over $31 million in cryptocurrency funds stolen following pig slaughter scams. Based on popular demand, within the next quarter, the company also plans to launch a new product aimed directly at the TradFi commodities trading market.
Cloudburst’s latest round of venture funding includes an investment from In-Q-Tel, Inc. (IQT), the nonprofit strategic investor for the U.S. national security community and America’s allies . IQT prioritizes investing in high-tech companies that keep their government agency partners equipped with the latest innovative technologies. This strategic partnership paved the way for Cloudburst Technologies to support a variety of US government agencies.
“We are proud to partner with Cloudburst to provide critical data and analytics to help advance the missions of our government partners,” said Grant Whiting, Partner, IQT.
Learn about Cloudburst technologies
Cloudburst Technologies was founded in 2022 and is headquartered in New York. Our investors include Strategic Cyber Ventures, Coinbase Ventures, Bloccelerate VC, CoinFund and In-Q-Tel. https://burst.cloud/
Media Contact: Evan Kohlmann CEO, Cloudburst Technologies [email protected]
SOURCE Cloudburst Technologies