CipherOwl, a cryptocurrency compliance startup, has successfully raised $15 million in a seed funding round. The round was co-led by General Catalyst and Flourish Ventures, with significant participation from Coinbase Ventures and Enlight Capital. Founded by former Coinbase engineers, CipherOwl utilizes artificial intelligence to offer on-chain transaction monitoring and compliance analysis services. Its clientele includes various cryptocurrency exchanges and law enforcement agencies, which use its AI system to enhance the efficiency of suspicious activity analysis reports.