21 Mar '16, 1am

Elliptic Raises $5 Million to Expand Bitcoin Surveillance Tools

Elliptic Raises $5 Million to Expand Bitcoin Surveillance Tools

Bitcoin surveillance startup Elliptic has raised $5m in Series A funding in a round that involved a private equity firm with strong US defense and intelligence connections. Paladin Capital Group led the round, which also drew support from Santander InnoVentures, KRW Schindler, Digital Currency Group and Octopus Ventures, an existing investor in the firm. Paladin counts former National Security Agency director and retired Lieutenant General Kenneth Minihan among its leadership. The firm, according to its website , invests primarily in companies focused on defense, cybersecurity and intelligence products and services. Minihan indicated that Paladin would lobby for Elliptic’s blockchain intelligence tools to gain broader usage among US law enforcement agencies, remarking in a statement: “We recognise that the firm’s monitoring capability will be an essential component of any ...

Full article: http://www.coindesk.com/elliptic-bitcoin-surveillance-tools/

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