Andalusia Labs, formerly known as RiskHarbor, is a global provider of risk management infrastructure for digital assets. They offer innovative solutions aimed at addressing the security challenges prevalent in the blockchain industry. Their mission is to establish security standards, instill confidence, and facilitate the integration of blockchain and Web3 technology into global financial services.
- Karak: Andalusia Labs has developed a layer-2 blockchain called Karak. It introduces a novel risk management infrastructure for blockchain, Web3, and global financial services. Karak prioritizes financial security while upholding the highest standards of security, scalability, and affordability.
- Subsea: Subsea is a pioneering risk management marketplace for digital assets built on the Karak blockchain. It has secured over $1 billion in digital assets and has built more than 100 integrations with different blockchains and financial applications. Subsea utilizes a completely automated, transparent, and impartial invariant detection mechanism to secure users against digital asset risks, hacks, and attacks.
- Watchtower: Andalusia Labs also offers Watchtower, an institutional security platform for digital assets. Watchtower is creating realistic market simulations in real-time with real data, providing a unique approach to risk management. Currently in private beta, Watchtower, in combination with Subsea, built on the Karak blockchain, aims to provide the foundational risk management and security required to build a safe environment for the industry.
- Funding: Andalusia Labs recently raised $48 million in a Series A funding round, positioning the company’s equity valuation north of $1 billion. The funding round was led by Lightspeed Venture Partners, with participation from Mubadala Capital and existing investors such as Pantera Capital, Framework Ventures, Bain Capital Ventures, and Digital Currency Group.
- Global Headquarters: Andalusia Labs has established its global headquarters in Abu Dhabi’s Financial Center, Abu Dhabi Global Markets. This strategic move highlights Abu Dhabi as a leading financial hub for digital assets and emphasizes the company’s commitment to expanding its global footprint.
Andalusia Labs aims to continue developing best-in-class products that unlock the potential of digital assets and drive innovation in global financial services. They plan to enhance institutional partnerships, accelerate product development, and continue global expansion. The company is rapidly expanding its team and hiring across various roles, including finance, business development, AI, cryptography, distributed systems, and security engineering.