CRYPTO

Coinbase Ventures, Samsung NEXT back Metrica $ 14M Series A

Blockchain intelligence platform Metrica has completed a রে 14 million series of fundraisers to bootstrap the next step in its growth strategy, further boosting the demand for venture capital for emerging blockchain startups.

Metrica announced Tuesday that the funds will be used to further develop its blockchain intelligence platform, which provides monitoring and analysis for decentralized networks, as well as to increase its user base. The investment round is led by Neotribe Ventures with the participation of Coinbase Ventures, Samsung NEXT, Nyca Partners and others.

Combined with the বৃ 3.7 million seed circle, Metrica has successfully raised .7 17.7 million to date.

Although Metric has not yet emerged as a family name in Blockchain Intelligence, the company boasts several high-profile customers, including Algorand, Solana, BlockDemon and NBA Top Shot Creator Dapper Labs. Metrica provides an operational intelligence service that helps companies monitor the health of their blockchain networks and improve their performance.

The continued growth of a decentralized economy has created a new demand for blockchain intelligence services. As Cointelegraph recently reported, this demand is not only limited to market participants but also to regulators. Last month, a spokesman for blockchain analytics firm AnChain.AI confirmed that the United States Securities and Exchange Commission had offered the company a $ 125,000 annual contract to help monitor and regulate the DFI industry.

Related: Coinbase has signed a new $ 1.36M deal with US customs enforcement agency

Meanwhile, the cryptocurrency exchange Coinbase recently signed a second agreement with U.S. Immigration and Customs Enforcement focusing on its blockchain analysis services.

There is also growing evidence that the payment sector is integrating blockchain intelligence technology as part of its growing embrace. Earlier this month, MasterCard announced that it had acquired crypto forensic company Sifertrace for an undisclosed amount.