Solidus Labs

Manipulation Detection for the Cryptocurrency Market

Fintech & Insurtech
Private

Company Overview

Snapshot

Founded in July 2017 by Asaf Meir and Chen Arad, Solidus Labs operates with 51–200 employees. The company has secured funding across 3 rounds from 5 investors.

Business overview

Solidus Labs develops a trade surveillance platform designed to enhance manipulation detection in the cryptocurrency market. The company's blockchain-native, machine learning-powered platform provides tailored actionable alerts, streamlined ticket management, and regulatory reporting. By continuously learning about new manipulation schemes, Solidus Labs enables financial service providers to mitigate risk, improve transparency, and reduce costs associated with trading crypto assets. It operates within the Fintech & Insurtech sector, focusing on digital assets and virtual currencies.

Strategic signal

In October 2022, Solidus Labs launched a Web3 AML solution capable of identifying nearly 200,000 rug pulls and smart contract scams, which account for 8% of all Ethereum tokens. This development signals the company's commitment to addressing critical security and compliance challenges in the evolving Web3 landscape, offering a significant tool for investors and innovation teams seeking to de-risk their engagement with decentralized finance and digital assets.

Company Intelligence Q&A

What is Solidus Labs' primary focus?
Solidus Labs specializes in developing a trade surveillance platform to detect manipulation within the cryptocurrency market, utilizing blockchain-native and machine learning technologies.
When was Solidus Labs founded and by whom?
Solidus Labs was founded in July 2017 by co-founders Asaf Meir and Chen Arad.
Which investors participated in Solidus Labs' May 2022 funding round?
In May 2022, Solidus Labs received funding, with Liberty City Ventures leading the round and Hanaco Ventures also participating.
What significant product did Solidus Labs unveil in October 2022?
In October 2022, Solidus Labs unveiled a Web3 AML solution designed to flag rug pulls and smart contract scams, identifying nearly 200,000 such instances on the Ethereum network.

External links