Crypto market data provider Kaiko has just completed a $53 million Series B funding round led by Eight Roads.
According to the company, other participants in the funding round include Revaia and existing investors Alven, Point9, Anthemis and Underscore.
Kaiko has taken over risk-optimization solution provider Kesitys and also agreed with CoinShares to acquire Napoleon Index to launch crypto indices over the past year to expand its product line.
The company received SOC-2 Type-1 accreditation in February, which shows its high level of data security and privacy management, as well as the necessary controls in place.
Kaiko CEO Ambre Subirana has noted the record interest of institutional investors in the company’s services.