Andalusia Labs Secures $48 Million to Strengthen Digital Asset Risk Management Framework

This startup focused on digital asset risk management, previously known as RiskHarbor, has completed a substantial $48 million Series A fundraising round, spearheaded by Lightspeed Venture Partners. Other contributors include esteemed investors such as Mubadala Capital, Pantera Capital, Framework Ventures, Bain Capital Ventures, and Digital Money Group, among others. Andalusia Labs The aim of the company is to deliver robust digital asset support tailored for institutions, developers, and consumers across their fields.

Andalusia Labs plans to allocate the new capital towards advancing their product offerings and expanding their workforce. This investment has escalated the startup's valuation beyond the $1 billion benchmark.

The company boasts three key technological solutions in digital assets: the Layer 2 blockchain named Karak, a marketplace for crypto risk management called Subsea, and a security-oriented institutional platform known as Watchtower.

Both Subsea and Watchtower are built upon the evolving technology framework, which has recently launched its public testnet, with expectations for the mainnet to follow shortly. Subsea itself has amassed over $1 billion in cryptocurrency assets and forged more than 100 partnerships with a variety of blockchains and financial applications.

In conjunction with this funding announcement, Andalusia Labs also unveiled its new global headquarters. With this latest investment round, the company has raised a cumulative total of about $51 million so far. Karak blockchain Financial Establishments Are Adopting Digital Asset Safeguards

The rapidly changing landscape of digital assets is instilling a sense of security among financial institutions regarding their transformative potential, driven largely by the impressive strides made in the cryptocurrency market. Abu Dhabi Earlier this year, another player in the digital asset protection arena secured $30 million, led by Foundation Capital, to shield individuals and their digital assets from threats or human miscalculations. Their platform aims to offer Disaster Recovery and Theft Protection, assisting users in safeguarding their digital assets against loss and theft.

With the fresh influx of funding, Andalusia Labs is poised to redefine digital asset support as the financial world increasingly embraces protective measures amid swift industry transformations.

The digital asset It is essential to understand that the details shared on this page do not constitute legal, tax, investment, financial, or any other form of advice. Always consider investing only what you can afford to lose and seek independent financial guidance if there are uncertainties. For more insight, we recommend reviewing the terms and conditions along with the support resources provided by the issuer or advertiser. MetaversePost strives for accurate and unbiased reporting, although market conditions are subject to change at any time.

Alisa, a passionate journalist with Cryptocurrencylistings, focuses on cryptocurrency, zero-knowledge proofs, investments, and the expansive Web3 universe. With a sharp eye for emerging trends and innovations, she provides in-depth coverage designed to inform and engage readers navigating the ever-evolving digital finance landscape. hacks Blum Celebrates One Year Anniversary with ‘Best GameFi App’ and ‘Best Trading App’ Honors at Blockchain Forum 2025

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