Today Amberdata, the provider of digital asset data, said it raised a $30 million series B funding led by Knollwood Investment Advisory. Nasdaq Ventures and NAB Ventures were two of several new investors, and Citi and Franklin Templeton were amongst the existing shareholders involved in the round.
Amberdata is focused on providing data to inform cryptocurrency investment and trading decisions, particularly for institutions. The challenge with aggregating that sort of data is connecting to a hundred cryptocurrency exchange APIs and running nodes on multiple blockchains. And the information also needs to be normalized.
Additionally, Amberdata provides insights about blockchain networks, cryptocurrency markets and decentralized Finance (DeFi), including highlighting large trades. It also provides data about pending blockchain transactions, which is notoriously used for front running.
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