Inca Digital Completes Series A Funding Round Led By Gts Venture Capital And Galaxy Digital

StartUp City | Monday, May 02, 2022

Fremont, CA: Inca Digital, a digital asset intelligence company that provides data, analytics, and expertise to many of the world's leading exchanges, regulators, and government agencies, has completed a Series A investment round led by GTS Venture Capital and Galaxy Digital, with support from Wedbush Capital, Consolidated Trading, Menai Financial Group, Richard Gorelick's Aquamarine Holdings, and early-stage Web3 investor Grant Gittlin.

The recent growth of Inca Digital is being fueled by a growing need to better understand how digital assets and crypto markets work. This funding round recognizes Inca's unique data, highly flexible product delivery methods, and willingness to collaborate with clients to build proprietary solutions for market surveillance, crime prevention, alpha generation, and other purposes.

The Commodity Futures Trading Commission (CFTC), FTX, Fidelity, and national security and law enforcement agencies such as the US Department of Defense and US Special Operations Command are among Inca Digital's clients. Inca plans to use the new funds to hire more software developers, security experts, and analysts to expand its offering.

"We're excited to be working with investors that recognize the potential for our unique combination of market data, blockchain data and natural language data that is necessary to fully understand digital assets," stated Adam Zarazinski, Inca Digital's CEO. "This fundraise will help us meet our goal of developing industry standard intelligence that will enable crypto markets to flourish in the same way traditional markets have."

"Crypto compliance is more than just on-chain transaction patterns - it's a holistic combination that includes market intelligence, on-chain data, and language processing," remarked Will Nuelle, Investor at Galaxy Digital. "Inca Digital differentiates itself by incorporating more information than competitors, and pairing its dataset with the analysis and consultative approach of its military-trained security experts."

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