​​Visa, ConsenSys and a16z Support Sardine Platform in $51.5M | Crypto_NFT

​​Visa, ConsenSys and a16z Support Sardine Platform in $51.5M Round

Fraud detection platform Sardine closed a Series B funding round led by Andreessen Horowitz (a16z). It is reported by The Block.

Investors include NG Ventures, ConsenSys, Cross River Digital, Visa, Eric Schmidt and Google Ventures. The project raised $51.5 million.

Sardine helps companies achieve regulatory compliance and reduce fraud risks while focusing on growth.

Suds Ranjan, CEO and co-founder of Sardine, who previously worked at Coinbase and Revolut, said the company serves 135 clients. Among them are such large players as FTX, Blockchain.com and Brave.

With the funds raised, the startup team hopes to expand its marketing efforts and increase sales internationally.

The developers are also working on creating a risk analysis platform targeted at traditional finance players.

In February, Sardine raised $19.5 million in a Series A funding round, also led by a16z.

In May, Andreessen Horowitz raised $4.5 billion in a fund with a focus on Web3 and cryptocurrency startups.