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Andalusia Labs Raises $48M in Series A Funding, Achieves $1 Billion Valuation, and Establishes Global HQ in Abu Dhabi

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Andalusia Labs, formerly known as RiskHarbor, has secured $48 million in a Series A funding round, marking its valuation at over $1 billion. The funding round was led by Lightspeed Venture Partners, with participation from Mubadala Capital, Pantera Capital, Framework Ventures, Bain Capital Ventures, Digital Currency Group, and others. Andalusia Labs specializes in risk management infrastructure for digital assets and operates at the intersection of blockchain, Web3, and global financial services.

Key Highlights:

  1. Funding Details: The $48 million Series A funding round was led by Lightspeed Venture Partners, and it positions Andalusia Labs with an equity valuation exceeding $1 billion.
  2. Investors: Prominent investors include Mubadala Capital, the asset management subsidiary of Mubadala Investment Company, Lightspeed Venture Partners, Pantera Capital, Framework Ventures, Bain Capital Ventures, Digital Currency Group, Coinbase, Proof Group, Nima Capital, Naval Ravikant, and executives from leading global organizations.
  3. Global Headquarters: Andalusia Labs has established its global headquarters in Abu Dhabi’s Financial Center, Abu Dhabi Global Markets. This move reflects the company’s commitment to expanding its global presence and leveraging Abu Dhabi’s position as a leading financial hub.
  4. Product Offerings:
  • Karak: A Layer 2 blockchain that introduces a novel risk management infrastructure for blockchain, Web3, and global financial services.
  • Subsea: A risk management marketplace for digital assets built on the Karak blockchain, offering automated, transparent, and impartial invariant detection mechanisms.
  • Watchtower: An institutional security platform for digital assets providing realistic market simulations in real-time.
  1. Strategic Focus: Andalusia Labs aims to address security challenges and financial risks in the blockchain industry. The company’s technologies focus on creating secure environments for institutions, developers, and consumers.
  2. Usage of Funds: The funds raised will be used to accelerate product development, strengthen institutional partnerships, and support global expansion. The company is actively hiring across various roles, including finance, business development, AI, cryptography, distributed systems, and security engineering.
  3. Industry Vision: Andalusia Labs aims to establish industry security standards, instill confidence, and promote resilience in the blockchain and Web3 industry. The goal is to integrate transformative technology into global financial services.

The funding and strategic moves underline Andalusia Labs’ position as a leader in risk management infrastructure for digital assets and its commitment to advancing the blockchain and Web3 industry.

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