New York, New York - Cloudburst Technologies, a leading provider of regulatory solutions for the cryptocurrency market, announced today that it has raised $3 million in a seed funding round. The funding was led by Coinbase, with participation from Bloccelerate VC and Strategic Cyber Ventures.

Founded by renowned counterterrorism expert Evan Kohlmann, Cloudburst Technologies offers a suite of regulatory solutions that help investors, exchanges, and regulatory agencies understand, anticipate, and defend against adverse market manipulation events in the cryptocurrency market. With the rise of cryptocurrencies, hackers, fraudsters, and other illicit actors have been manipulating and distorting pricing to the tune of tens of millions of dollars each day. This chaotic environment has left many investors, exchanges, and regulatory agencies on the losing end of murky transactions.

"Our mission at Cloudburst Technologies is to help our clients navigate the often murky and dangerous waters of the cryptocurrency market," said Evan Kohlmann, Founder of Cloudburst Technologies. "With this new funding, we can continue to develop and refine our suite of regulatory solutions, including our Cloudburst API, to provide the most comprehensive and effective protection against market manipulation."