Andalusia Labs raises $48M in Series A round for digital asset risk infrastructure, valued at over $1B

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Cointime2023/12/13 15:21

By:Cointime

Andalusia Labs, a digital asset risk infrastructure company, has raised $48 million in a Series A funding round led by Lightspeed Venture Partners, with participation from Mubadala Capital and existing investors. The company has also opened its global headquarters in Abu Dhabi. The funds will be used to expand the team and develop its three digital asset technology solutions: Karak, a layer-2 blockchain; Subsea, a crypto risk management marketplace; and Watchtower, a security-centric institutional platform. The company views risk management as the "bedrock of financial stability" and plans to expand its product offerings in the future.

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