BlockBeats News, October 13th, According to official sources, CipherOwl, founded by the Coinbase on-chain data and compliance platform team, announced today that it has received a $15 million seed round of funding, with lead investment from General Catalyst, Flourish Ventures, and Enlight Capital, and follow-on investment from Coinbase Ventures, OKX Ventures, Road Capitals, and Sancus Ventures.
Reportedly, CipherOwl provides an enterprise-grade compliance intelligence layer for exchanges, custody, payments, and DeFi institutions. Through AI-driven automated reviews, institutions can expand their on-chain business without the need to synchronously expand their compliance teams, reducing overall operating costs by 60%. The core product, SR3, is based on the unique Evidence Graph technology, which integrates multi-chain transaction data with global intelligence in real time, generating a fully auditable evidence chain for each transaction. It can audit millions of transactions per day on average, scan API responses in
