Cloudburst has completed a $7 million Series A funding round, led by Borderless Capital

BlockBeats News, September 23rd, according to Coindesk report, Cloudburst Technologies announced the completion of a $7 million Series A funding round to develop its off-chain cryptointelligence platform. This funding round was led by Borderless Capital, with other supporters including Strategic Cyber Ventures, CoinFund, Coinbase Ventures, Bloccelerate VC, and In-Q-Tel. This funding round brings the total amount raised by the company since its founding in 2022 to $11 million. The funding will be used to expand Cloudburst's artificial intelligence and data science team, accelerate product development, and broaden its market coverage, serving financial institutions, regulatory bodies, and crypto-native companies.