Talos adds $45M to Series B with new backing from Robinhood, Sony

Talos, a New York-based cryptocurrency infrastructure provider, has successfully secured an additional $45 million in its Series B funding round. This extension has brought the company’s total valuation to approximately $1.5 billion, highlighting its growing significance in the crypto market. Notable investors contributing to this funding include the well-known trading platform Robinhood and entertainment giant Sony, among other institutional backers.

This latest investment underscores the increasing demand for robust crypto infrastructure as institutional interest in digital assets continues to rise. Talos provides a comprehensive suite of services aimed at simplifying the complexities of trading and managing cryptocurrencies. This includes trading, settlement, and custody services, which cater to both institutional investors and enterprises looking to integrate crypto into their operations.

The Series B round, which initially closed earlier this year, has now attracted additional funding, signaling strong confidence from investors in Talos's business model and growth trajectory. The influx of capital will likely be utilized to enhance the company's technology offerings, expand its market reach, and further develop its product suite to meet the evolving needs of its clientele.

With the backing of prominent firms like Robinhood and Sony, Talos is well-positioned to capitalize on the burgeoning interest in digital assets. As the crypto landscape continues to evolve, the company aims to solidify its role as a key player in providing necessary infrastructure that supports institutional participation in the sector.

This latest funding round is a testament to the increasing institutional engagement in the crypto space, as firms seek reliable partners to navigate the complexities of digital asset trading and management. Talos's strategic partnerships and robust infrastructure are expected to propel its growth in an increasingly competitive market.

Key Takeaways

• Talos has raised an additional $45 million in a Series B funding extension, bringing its valuation to around $1.5 billion.
• The latest backing includes significant contributions from Robinhood and Sony, reflecting strong institutional interest in the crypto infrastructure sector.
• The funds are expected to enhance Talos's technology and expand its offerings to better serve institutional clients.
• This investment highlights the growing demand for reliable crypto infrastructure as more institutions enter the digital asset market.

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This article was inspired by reporting from CoinTelegraph. · Report an issue