Cypher Capital, a UAE early-strategy venture firm has co-led a $2.4 million strategic investment round in bitsCrunch.
BitsCrunch is an AI-powered, decentralized NFT data platform that enables developers to build reliable NFT applications (dApps). The company is pioneering crypto data forensics to allow retail, institutional, and venture investors to make better decisions in crypto assets.
BitsCrunch recently set a record on CoinList achieving the fastest sale in history, raising an additional $3.85 million in just 24 minutes (translating to $160,000 each minute).
“We are excited to partner with Vijay and his team at bitsCrunch,” said Cypher Capital Chairman, Bill Qian. “They are solving the transparency problem in the NFT space through AI and data analytics which will further enhance the user experience and trust.”
Vijay Pravin, bitsCrunch’s CEO, added, “Cypher Capital has been a great value add for bitsCrunch, especially connecting us to a lot of their Venture Partners, and introductions to their portfolio companies. They have been one among the very few active VCs in the last bear cycle.”
In addition to Cypher Capital’s backing, bitsCrunch has also received the support of Coinbase Ventures, Animoca Brands, Chainlink, Crypto.com Capital, Morningstar Ventures, Shima Capital, and others.
