Cryptocurrency fraud prevention and regulation technology startup Data Sutram completes $9 million financing

Data Sutram, a startup company specializing in anti-fraud regulatory technology for cryptocurrencies, has completed a $9 million financing round, with B Capital and Lightspeed leading the investment. Data Sutram is dedicated to addressing the surge in digital transactions and related fraud risks. The new funds will support its shift towards focusing on areas such as cryptocurrencies to address the surge in digital transactions and related fraud risks in real-time payments, Web3, and consumer insurance. The company had previously received a $3 million financing round led by Bharat Fund and participated by Singularity Growth Fund in 2023.