Metrika, a blockchain operational intelligence and risk management platform, has raised $4 million in an extension of its Series A funding round led by M12, Microsoft’s Venture Fund, and existing investor Nyca Partners.
Founded in Cambridge, MA in 2019, the Metrika team brings deep expertise in networking, monitoring, and data analytics to blockchain. The company is building the leading blockchain operational intelligence, risk management, and compliance platform to enable protocol teams, foundations, financial institutions, and regulators collaborate more effectively to accelerate the adoption of digital assets worldwide.
The company’s total funding to date is $22 million. The funds will be used to meet the increasing demand for the Metrika Platform, expand into financial institutions and regulatory agencies, and accelerate product development.
Metrika has recently released new features for the Ethereum network in partnership with the Ethereum Foundation and Lido. The features provide essential insights on critical topics such as Maximal Extractable Value (MEV), OFAC compliance for MEV Relays, and protocol upgrades, including Withdrawals.
The insights can be utilized by blockchain communities, financial institutions, and regulators to continuously monitor the stability and assess the protocol risks of blockchain networks that support new financial products and services.
Metrika published a free technical guide on the challenges, opportunities, and risks of staking for financial institutions. Leading blockchain projects and their user communities such as Ethereum, Solana, Algorand, Hedera, Dapper Labs, and LACChain currently benefit from Metrika’s tools and services.
Metrika has also expanded into the interoperability space with the addition of monitoring and alerts for the Axelar network.
Metrika’s deep insights into these leading protocols provide a broad foundation for regulation and compliance tools for financial institutions and enterprises. The company expects to accelerate its growth and help protocol teams, financial institutions, and regulators accelerate the adoption of digital assets with the new funding.
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