New York’s Solidus Labs bags $45m in Series B round
New York-based crypto-native market integrity and risk monitoring service Solidus Labs has secured $45 million in a Series B round led by Liberty City Ventures.
Also participating in the round were Evolution Equity, Declaration Partners, Hanaco Ventures and Avon Ventures, among others.
Named by Citigroup as a “category-definer”, Solidus Labs enables safer crypto trading across all centralised and DeFi markets by offering solutions such as trade surveillance, transaction monitoring and threat intelligence.
Solidus says it has experienced a 560% year-on-year revenue increase and claims to have quadrupled its staff headcount since 2021.
In March 2022, Solidus unveiled HALO, its all-in-one crypto-native risk monitoring suite.
Solidus says the platform deploys over 50 different proprietary market abuse typologies, shielding investors and safeguarding crypto businesses from new threats unique to the crypto and decentralised finance space.
The firm claims HALO monitors over 1 trillion trading events per day in more than 150 markets, protecting over 25 million crypto market participants and investors.
Asaf Meir, founder and chief executive of Solidus, says the new funds will be used to accelerate the deployment of its threat intelligence capabilities and expand research and development to solve a “fast-growing array” of DeFi-specific use cases and needs.