Elliptic raises $120 million for AI crypto security

Blockchain analytics firm Elliptic has secured $120 million in a funding round led by One Peak, valuing the company at $610 million. Investors include Nasdaq Ventures and Deutsche Bank, signaling strong institutional confidence in crypto security infrastructure. This capital infusion will accelerate the expansion of Elliptic's AI-powered monitoring and risk analysis tools, crucial for combating increasing crypto hacks and meeting regulatory demands for anti-money laundering controls. The funding comes amid rapid growth in stablecoins and tokenized assets, highlighting the critical role of compliance providers in the evolving digital asset landscape.