Hornet Decentratech, a crypto forensics startup, has raised ₹4 crore in seed funding from Artha Venture Fund. The company will use this money to improve its tools for checking risks, helping financial firms follow rules, and working with the government.
Hornet plans to launch an app for users to track crypto risks, support banks with better Anti-Money Laundering (AML) tools, and help law enforcement in investigations. CEO Souvik Haldar said this funding will make India stronger in crypto security. Hornet has already made profits and aims to grow its services across India and other countries in the next year.
What is Hornet Decentratech?
Hornet Decentratech is an Indian startup that specializes in crypto forensics and investigations. It helps track, monitor, and investigate cryptocurrency-related crimes such as money laundering, fraud, and illegal activities on the dark web. The company provides risk analysis tools, compliance solutions for financial institutions, and support for law enforcement agencies.
Hornet’s technology is designed to help crypto exchanges, banks, and government agencies detect and prevent financial crimes. It has recently raised ₹4 crore in seed funding to expand its services across India and globally.
Why is This Funding Significant?
The ₹4 crore seed funding is a major milestone for Hornet Decentratech as it enables the company to expand its crypto forensics solutions across different markets, including individual users, businesses, and government agencies.
With increasing concerns over money laundering and terrorist financing, this investment will help Hornet enhance its compliance tools for financial institutions and law enforcement. The funding also supports the launch of a risk analysis app for individuals, allowing users to monitor crypto transactions in real time.
Additionally, Hornet plans to expand internationally, bringing its advanced forensics technology to a global audience. Backing from Artha Venture Fund further validates Hornet’s vision and strengthens its position as a leader in India’s crypto security space.
How Will the Funds Be Used?
Hornet Decentratech will use the ₹4 crore funding to expand its crypto forensics solutions across different sectors. A key focus will be launching a risk analysis and asset monitoring app for individual users, helping them track cryptocurrency transactions and detect potential risks.
The company will also enhance its AML (Anti-Money Laundering) and CTF (Counter-Terrorism Financing) compliance tools for financial institutions, including banks and crypto exchanges, to improve security and regulatory adherence.
Additionally, Hornet aims to strengthen its partnerships with government agencies by providing advanced forensic solutions for investigating crypto-related crimes. The funding will also support international expansion, allowing Hornet to reach a wider market beyond India.
Founders’ Perspective
Hornet Decentratech, founded by Souvik Haldar and Subhro Jyoti Mondal, sees this funding as a turning point in their mission to strengthen India’s capabilities in crypto and dark web forensics. Souvik Haldar, CEO of Hornet, highlighted that the ₹4 crore investment from Artha Venture Fund reinforces their vision of making digital finance safer and more transparent.
The founders also acknowledged the growing need for compliance solutions in the financial sector. They emphasized that Hornet’s technology will not only assist businesses in adhering to Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) regulations but also offer individual users a safer way to navigate the crypto space.
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Key Takeaways
- ₹4 Crore Seed Funding – Hornet Decentratech has secured investment from Artha Venture Fund to expand its crypto forensics solutions.
- Focus on Security & Compliance – The funding will help improve Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) compliance tools for financial institutions and crypto exchanges.
- New B2C Risk Analysis App – A new app for individual users will provide real-time risk assessment and asset monitoring for cryptocurrency transactions.
- Strengthening Government Partnerships – Hornet will expand its collaboration with law enforcement agencies to support crypto-related investigations.
- International Expansion Plans – The company aims to scale operations beyond India, bringing its forensic solutions to global markets.
Conclusion:
Hornet Decentratech’s ₹4 crore seed funding marks a major milestone in its journey to strengthen crypto forensics in India and beyond. With a strong foundation in compliance solutions and forensic investigations, the company is now set to expand its services across B2C, B2B, and B2G markets.
The launch of a risk analysis app, enhanced AML/CTF tools, and deeper government collaborations will further solidify its position as a leader in crypto security. As Hornet scales operations and enters international markets, it remains committed to innovation, regulatory excellence, and building a safer digital financial ecosystem for individuals and institutions alike.
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