Andalusia Labs completed a $48 million Series A funding round at a valuation of $1 billion, led by Lightspeed Venture Partners

ChainCatcher news, according to TechCrunch, Andalusia Labs, a company focused on digital asset risk infrastructure (formerly known as RiskHarbor), has completed a $48 million Series A funding round, with a valuation close to $1 billion. This round was led by Lightspeed Venture Partners, with participation from Mubadala Capital, as well as Pantera Capital, Framework Ventures, Bain Capital Ventures, and Digital Currency Group.

While raising new funds, Andalusia Labs has also established its global headquarters in Abu Dhabi. Raouf Ben-Har, co-founder of Andalusia Labs, stated that the funding will be used for product development and team expansion. To date, the company has raised approximately $51 million.