Visa, ConsenSys and a16z Back Sardine Platform in $51.5 Million Round

Sardine, a platform for fraud detection, raised $51.5 million in a Series B round led by Andreessen Horowitz (a16z). The Block reports.

Investors include: NG Ventures, ConsenSys, Cross River Digital, Visa, Eric Schmidt and Google Ventures.

Sardine helps companies achieve regulatory compliance and reduce fraud risk, with a focus on growth.

CEO and co-founder Sups Randjan, who previously worked at Coinbase and Revolut, said the company serves 135 clients, including major names such as FTX, Blockchain.com and Brave.

With the raised funds, the startup team hopes to expand marketing efforts and boost sales internationally.

Developers are also working on a risk analytics platform aimed at players in the traditional finance space.

In February, Sardine closed $19.5 million in Series A funding, also led by a16z.

Earlier in May, Andreessen Horowitz raised $4.5 billion for a fund focused on Web3 and crypto startups.

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