Andalusia Labs Secures $48 Million Series A Funding to Enhance Digital Asset Risk Infrastructure

Gettyimages 1163729454
Digital asset risk infrastructure-focused Andalusia Labs, formerly known as RiskHarbor, has raised $48 million in a Series A round at a valuation “north of $1 billion,” the company exclusively shared with TechCrunch. Alongside the fresh capital raise, Andalusia Labs opened its global headquarters in Abu Dhabi. The $48 million will also be used to grow its product development and expand the team, said Raouf Ben-Har, co-founder of Andalusia Labs. All aim to provide digital asset support to institutions, developers and consumers through their respective niches. “Developers, developers, developers,” said co-founder Drew Patel.