FOR IMMEDIATE RELEASE

Cloudburst Technologies Raises Additional Seed Funding From CoinFund

New York, NY - Cloudburst Technologies, a leading provider of cyber threat intelligence solutions aimed at digital currency/cryptocurrency fraud, announced today the closing of a significant follow-on investment by leading cryptonative investment firm CoinFund -- adding to the $3 million in funding already received last month from investors that included Strategic Cyber Ventures (SCV), Coinbase Ventures, and Bloccelerate VC. Cloudburst was represented by Sheppard, Mullin, Richter & Hampton in the transaction.

Cloudburst Technologies provides realtime monitoring solutions and cyber threat intelligence tools to help track fraud in the cryptocurrency market live as it happens — and the actors responsible for it. Cloudburst offers solutions that serve customers in the public sector, the web3 ecosystem, and in traditional finance. With Cloudburst's unique and powerful set of tools, investigators track and identify threat actors responsible for cryptofraud in a way that doesn't depend on anonymous wallet addresses.

Alex Felix, co-founder and chief investment officer: “Evan opened my eyes to the massive, quantifiable attack surface between off- and on-chain activity. The illicit activity that prevents crypto from being a well-lit market infrastructure isn't being exposed or analyzed in real time, holding the industry back. As a successful repeat founder in cyber intelligence, his grit, ambition, knowledge and network is already positioning the company for success as critical infrastructure in the crypto compliance vertical. I'm thrilled to be partnering with Evan and the Cloudburst team to work hard to close this gap.”

"We believe that the latest investment by CoinFund speaks for itself as a clear endorsement of our market position and strategy -- and we intend to use the additional funds to further accelerate development of next-generation counter-fraud solutions for the crypto and financial markets," said Evan Kohlmann, CEO and Founder of Cloudburst Technologies. "We are deeply grateful to CoinFund (along with our other investors) for the confidence they have placed in us, as well as all their loyal support."

For more information about Cloudburst Technologies and its solutions, please visit www.burst.cloud.

Contact:
Evan Kohlmann
CEO, Cloudburst Technologies

About Cloudburst Technologies

We understand the challenges in the volatile world of cryptocurrency trading, where malicious actors use tactics like price pumping, wash trading, and spoofing to cause losses of millions of dollars. Our regulatory solutions, including the Cloudburst API, help clients anticipate and defend against market manipulation. Investors, exchanges, and even regulatory agencies are flying blind -- and are often on the losing end of these murky transactions. Cloudburst helps you understand, anticipate, and defend against adverse market manipulation events with our suite of regulatory solutions.