PANews reported on October 9th that cryptocurrency compliance startup CipherOwl, according to Fortune magazine, has announced the completion of a $15 million seed round of funding, co-led by General Catalyst and Flourish Ventures, with participation from Coinbase Ventures and Enlight Capital. Co-founded by former Coinbase engineers, CipherOwl leverages artificial intelligence to provide on-chain transaction monitoring and compliance analysis services to financial institutions. Its clients include numerous cryptocurrency exchanges and law enforcement agencies, primarily using its AI system to automatically generate suspicious activity analysis reports to improve review efficiency.