Cloudburst Technologies said it closed a $7 million Series A funding round to develop its platform for off-chain crypto intelligence.

Unlike most blockchain analytics firms that concentrate on on-chain activity, New York-based Cloudburst specializes in analyzing data sources such as chatrooms and regulatory filings to monitor fraud networks, illicit actors, scams and social sentiment.

The round, which brings total funding since its 2022 founding to $11 million, was led by Borderless Capital. Additional backing came from Strategic Cyber Ventures, CoinFund, Coinbase Ventures, Bloccelerate VC and In-Q-Tel, according to a Tuesday announcement.

The company says its tools are designed to provide real-time intelligence and predictive insights to regulators, law enforcement agencies, exchanges,

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