PRESSR: Andalusia Labs raises $48 million in a Series A financing round, raising its equity value to $1 billion, and opens a global headquarters in the Emirate of Abu Dhabi.

Abu Dhabi, United Arab Emirates: Andalusia Labs , formerly known as RiskHarbor , a leading global provider of digital asset risk management infrastructure, has raised $48 million in a Series A funding round, raising The value of the company's shares exceeds one billion US dollars. Lightspeed Venture Partners, a leading Silicon Valley venture capital firm, led the financing round in collaboration with Mubadala Capital, an asset management firm wholly owned by Mubadala Investment Company (Mubadala), the Abu Dhabi sovereign investment firm that manages a portfolio of... Global investment assets are worth approximately $280 billion, with existing investors Pantera Capital, FrameWork Ventures, Bain Capital Ventures and digital currency holding company Digital Currency Group . Other existing investors include industry giant Coinbase, Proof Group, NEMA Capital and Naval Ravikant, as well as a number of founders, general partners and executives from leading global institutions.

In conjunction with this round, Andalusia Labs announced the establishment of its global headquarters in the Abu Dhabi Financial Center in the Abu Dhabi Global Market. This strategic step confirms the company’s commitment to expanding its global presence and highlights Abu Dhabi as a leading financial center for digital assets that supports growth and innovation thanks to its advanced regulatory structure and distinguished connection to eastern and western financial markets, as well as being a center for some of the largest sovereign wealth funds in the world, providing strong access to capital. Institutional money.

Commenting on these developments, Ravi Mhatre, Partner at Lightspeed Venture Partners, said: “ Andalusia Labs seeks to address one of the most important challenges plaguing the blockchain sector today. Financial institutions and digital transaction companies face 'Blockchain' is the absence of robust risk management techniques to protect their assets. Therefore, Raouf, Drew and their team were the first to fill this gap, as they provided a mission-critical risk management infrastructure that not only paved the way for widespread adoption by companies, but It also enables developers to create new applications that are inherently safe and secure from day one.” He continued, saying: “Lightspeed is very happy to enter into this partnership with them, as they strive to provide their infrastructure to every organization, developer and consumer in the sector.”

Andalusia Labs is a group of leading technology companies, providing solutions to various security challenges prevailing in the blockchain sector, including Karak , the revolutionary digital asset risk management infrastructure; Subsea , the leading digital asset risk management marketplace; and Watchtower , the institutional security platform for digital assets.

In response to the growing security concerns and financial risks in the blockchain industry, Andalusia Labs is dedicated to providing secure environments for enterprises, developers and consumers alike.

  • The Karak Network is a Layer 2 (data link layer) protocol that provides a secondary framework to improve the functionality of the underlying blockchain technology. It provides an innovative infrastructure for managing risks in blockchain, Web 3, and global financial services. , prioritizes financial security while maintaining the highest standards of security, scalability, and affordability. By integrating risk management, restaking, and AI infrastructure, the Karak Network represents a new approach to enhancing the security of a wide range of financial products and services for blockchain, Web3, and global financial services.
  • Originally based on the karak blockchain network , Subse a is the world's leading digital asset risk management marketplace that pioneered a fully automated, transparent and neutral fixed detection mechanism to secure users against digital asset risks, hacks and attacks. Subsea has raised over $1 million in digital assets and contributed to over 100 blockchain integrations and financial applications.
  • Watchtower is an enterprise security platform for digital assets that creates a realistic real-time market simulation using real data for the first time, unlike existing market models that lack realism. It should be noted that Watchtower is currently in private beta. The combination of Subsea and Watchtower , based on the karak network, will contribute to basic risk management and provide the security required to build a safe environment for this sector.

Andalusia Labs offers innovative technologies focused on protecting the financial interests of billions of people and enhancing industry collaboration. It aims to set industry security standards, enhance trust and resilience across blockchain and Web 3, as well as help integrate these... Transformative technology in global financial services around the world.

Andalusia Labs intends to use the funding to accelerate its product development, strengthen its corporate partnerships, and continue its global expansion. Its team is expanding and hiring more experts in finance, business development, artificial intelligence, cryptography, distributed systems, security engineering, and other tasks.

Commenting on this matter, Raouf Bin Hur and Drew Patel, founders of Andalusia Labs , said: “Blockchain technology is still in its early stages, and we are pleased to have partners like Lightspeed and Mubadala who share our commitment and vision.” "To build the world's leading risk management infrastructure. This financing will allow us to continue to develop and provide our users with best-in-class products that will unleash the potential of digital assets and stimulate innovation in the global financial services sector around the world."

For his part, Shawn Lee, Partner at Mubadala Capital, said: “We are proud of our partnership with Raouf, Drew, and the Andalusia Labs team. The opening of the company’s global headquarters in Abu Dhabi will stimulate its global expansion efforts and put it on a strategic path towards achieving unparalleled growth.” “We look forward to supporting the company in the next chapter of its journey in shaping the future of standardized risk management for the Blockchain and Web 3 industries.”

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About Andalusia Labs

Andalusia Labs includes a group of leading technology companies, including Karak , Subsea , and Watchtower . Andalusia Labs is backed by Coinbase, Lightspeed, Mubadala, Bain Capital, Pantera Capital, Framework Ventures, Digital Currency Group , and Proof Group. Nima Group and Naval Ravikant, as well as a number of founders, general partners and executives from world-leading institutions such as Founders Fund, Google and Coinbase, among many others.

The original language text of this statement is the official, authorized version. The translation was provided for assistance only, and the original language text must be consulted, which represents the only copy with legal effect.

*   Source: AETOSWire

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Jesse Matthews

Email: press@andalusia-labs.com

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