May 22, 2023

Cloudburst Technologies – a leading provider of cyber threat intelligence solutions company focused on digital currency/cryptocurrency fraud – announced recently the closing of a $3 million seed investment round. The funding was led by Strategic Cyber Ventures (SCV) joined by Coinbase Ventures and Bloccelerate. Cloudburst Technologies offers real-time monitoring solutions and cyber threat intelligence tools to help track fraud in the cryptocurrency market live as it happens and the actors who are responsible for it. And Cloudburst offers solutions that serve customers in the public sector, the web3 ecosystem, and in traditional finance. Through Cloudburst’s unique and powerful set of tools, investigators track and identify threat actors responsible for cryptofraud in a way that doesn’t depend on anonymous wallet addresses. Evan Kohlmann, CEO and Founder of Cloudburst Technologies, who previously co-founded Flashpoint, expressed his gratitude for the opportunity to venture into the cyberintelligence market once again with a new direction and innovative approach. KEY QUOTES: “We are thrilled to have the support of SCV, Coinbase Ventures, Bloccelerate, and our other strategic investors as we continue to develop cyberintelligence solutions for digital currencies. This investment is a testament to the hard work and dedication of our team, and we look forward to building on this momentum to buttress the security and stability of the cryptocurrency market by establishing new standards for cyberintelligence in the space.” “We are excited for the opportunity to unleash the lengthy expertise of our team in the direction of a new cyberintelligence frontline–and I believe that the progress we have made already speaks for itself. We hope to fundamentally change the nature of how the industry defends against digital currency fraud.” Kohlmann also expressed his pride in representing the New York City tech community, which continues to lead the way in innovation for big data and fintech.” — Evan Kohlmann, CEO and Founder of Cloudburst Technologies “We are excited to partner with Cloudburst Technologies and support their mission to provide innovative cryptofraud intelligence solutions that improve the stability of the digital currency ecosystem. We believe that Cloudburst’s approach will be a primary tool for securing the cryptocurrency environment, eliminating scams, allowing for further professionalization of the industry.” — Hank Thomas, CEO and Founder of Strategic Cyber Ventures