Cypher Capital Co-Leads $2.4 Million Round in BitsCrunch
The investment will support bitsCrunch to develop an open-source, AI-powered platform.
Cypher Capital, a crypto investment firm headquartered in the United Arab Emirates (UAE), co-led a $2.4 million strategic investment round in bitsCrunch, a German data analytics firm specializing in multi-chain insights and forensics for NFTs and digital assets.
Powered by artificial intelligence (AI), bitsCrunch is a decentralized NFT data platform that enables developers to build NFT applications.
It provides tools that analyze blockchain transactions, detect wash trades, and offer fair price estimates for NFTs, among others, thus helping investors make better decisions about crypto assets.
The investment will help strengthen Cypher Capital's Web3 infrastructure and applications that drive the new digital economy. The blockchain firm offers tools that help investors make better decisions about crypto assets.
Cypher Capital is an early-stage venture firm focused on investing in Web3 infrastructure, crypto, digital economy, blockchain, and digital asset-related projects worldwide.
Founded in 2021 by Gopi Kannappan, Saravanan Jaichandaran, and Vijay Pravin Maharajan, bitsCrunch is a global data analytics firm specializing in multi-chain insights and forensics for NFTs and digital assets.
The German firm is also backed by Coinbase Ventures, Animoca Brands, Chainlink, Crypto.com Capital, Morningstar Ventures, and Shima Capital, among others.
