Andalusia Labs Raises $48M in Series A Funding at $1 Billion Valuation
Summary
Andalusia Labs (formerly known as RiskHarbor), an Abu Dhabi, UAE-based company which specializes in risk management infrastructure for digital assets, raised $48M in Series A funding; at $1 Billion valuation. The company intends to use the funds to accelerate product development, enhance institutional partnerships, and continue global expansion. The team is rapidly expanding, and hiring across finance, business development, AI, cryptography, distributed systems, and security engineering, among many other roles. • Subsea, natively built on the Karak blockchain, is the world’s leading risk management marketplace for digital assets that pioneered a completely automated, transparent, and impartial invariant detection mechanism to secure users against digital asset risks, hacks, and attacks. The combination of Subsea and Watchtower built on the Karak blockchain will provide the foundational risk management and security required to build a safe environment for the industry.