Andalusia Labs Secures $48 Million in Series A Funding

Andalusia Labs, formerly known as RiskHarbor,  the risk management infrastructure for digital assets, has successfully raised $48 million in Series A funding round, positioning the company’s equity valuation north of $1 billion. 

Prominent Silicon Valley venture capital firm Lightspeed Venture Partners led the round with participation from Mubadala Capital, the asset management subsidiary of Mubadala Investment Company, a $280 billion global sovereign investor headquartered in Abu Dhabi, and existing investors Pantera Capital, Framework Ventures, Bain Capital Ventures, and Digital Currency Group.

Other existing investors include industry giant Coinbase, Proof Group, Nima Capital, Naval Ravikant, founders, general partners, and executives from leading global organizations.

In conjunction with the round, Andalusia Labs announced the establishment of its global headquarters in Abu Dhabi’s Financial Center, Abu Dhabi Global Markets. 

Andalusia Labs is a collection of technology solutions addressing the security challenges prevalent in the blockchain industry including Karak, a revolutionary risk management infrastructure for digital assets; Subsea, a pioneering risk management marketplace for digital assets; and Watchtower, an institutional security platform for digital assets.

In response to the escalating security concerns and financial risks within the blockchain industry, Andalusia Labs is dedicated to providing secure environments for institutions, developers, and consumers. 

Subsea natively built on the Karak blockchain, is the world's leading risk management marketplace for digital assets that pioneered a completely automated, transparent, and impartial invariant detection mechanism to secure users against digital asset risks, hacks, and attacks. Subsea has secured over $1 billion in digital assets and built 100+ integrations with different blockchains and financial applications.

Watchtower is an institutional security platform for digital assets. Unlike current market models that lack realism, Watchtower is creating realistic market simulations in real-time with real data for the first time. Currently, Watchtower is in private beta. The combination of Subsea and Watchtower built on the Karak blockchain will provide the foundational risk management and security required to build a safe environment for the industry. 

By creating innovative technologies focused on protecting the financial interests of billions of people and promoting industry collaboration, Andalusia Labs aims to create the industry's security standards, instill confidence and resilience across the blockchain and Web3 industry, and help integrate this transformative technology into global financial services worldwide. 

Andalusia Labs intends to utilize the funds to accelerate product development, enhance institutional partnerships, and continue global expansion. The team is rapidly expanding, and hiring across finance, business development, AI, cryptography, distributed systems, and security engineering, among many other roles.