Fundraising Fox

Metrika

Cambridge, US Β· Founded 2017 Β· 6 known investors

Metrika operates an enterprise platform for real-time digital asset and blockchain risk monitoring, scoring and compliance reporting.

Also known as Metrika Inc.

Founders & leadership

Metrika was founded in 2017 by Nikolaos Adrikogiannopoulos.

NA
Nikolaos AdrikogiannopoulosFounder
RG
Ruben GruberNamed on SEC filing

Board

SKSwaroop Kolluri
Swaroop Kolluriin𝕏Board directorFounder & Managing Director at Neotribe Ventures

Investors Β· 6

Reported raises Β· per SEC filings

Form D private placements

$22.5M disclosed across 2 of 4 rounds Β· 2021–2022

β–Ά$4.9MraisedJan 2023 Β· 4 investors Β· Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Paul FitzgeraldExecutive Officer
  • Nikolaos AndrikogiannopoulosExecutive Officer, Director
  • Swaroop KolluriDirector
  • Rubin GruberDirector
Offering amount
$5.8M
Amount sold
$4.9M
First sale
Dec 2022
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR β†—
β–Ά$17.7MraisedJul 2021 Β· 47 investors Β· Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Nikolaos AdrikogiannopoulosExecutive Officer, Director
  • Ruben GruberDirector
  • Swaroop KolluriDirector
Offering amount
$17.7M
Amount sold
$17.7M
First sale
Jun 2021
Incorporated
Corporation, Delaware, 2017
Federal exemptions
06b
Full filing on SEC EDGAR β†—

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

Metrika provides an enterprise risk management platform for digital assets, aimed at regulated financial institutions and government agencies. The platform continuously monitors blockchain protocols, smart contracts and market conditions across more than 900 key risk indicators, provides historical blockchain data from genesis onward for backtesting and trend analysis, automates due diligence and generates regulatory-ready reports. Its proprietary Metrika Asset Risk Score (MARS) produces quantified risk scores for digital assets by combining technical, market and operational risk factors.

The company organizes its coverage around five pillars of digital asset risk: financial (volatility, liquidity, counterparty), technology (smart contract vulnerabilities, protocol and consensus health, cryptographic and oracle risk), operational (governance and token-holder concentration, custody and key management, mint controls, dependency and single-point-of-failure analysis), regulatory (alignment with the GENIUS Act, Market Clarity Act, NYDFS and OCC guidance, licensing status), and interoperability (bridge security, composability and cross-chain transaction monitoring). Product packaging is segmented by institution type: qualified custodians and exchanges, tokenization and stablecoin issuers, rating agencies and index providers, and regulatory agencies and supervisors.

Earlier positioning, as described at the time of its 2021 Series A, framed Metrika as an operational intelligence source for blockchain, offering dashboards, reports and real-time alerts that let network operators and application builders detect degradations in network health and manage operational risk.

Founding story

A 2021 press release states Metrika was started in Cambridge, Massachusetts in 2019 by founders, investors and mentors from the MIT community, with a team background in networking, monitoring and analytics applied to blockchain. (Internal records date founding to 2017; sources here state 2019.)

Business model

Metrika sells an enterprise software platform on a demo-led, direct enterprise basis ("Request Enterprise Demo"), serving institutional clients including Tier 1 banks, credit rating agencies, custodians, exchanges, issuers and regulators. Specific pricing or contract structures are not disclosed in the available sources.

Not stated in the available sources beyond an enterprise platform sold to institutional customers.

Traction

Completed proofs-of-concept with Moody's Ratings (March 2025) and S&P Global Ratings (May 2025); states Tier 1 bank clients; named to Chartis RiskTech100 2026 'Ones to Watch'; featured in GBBC's 2026 use case handbook; joined the GBBC Capital Markets Risk Mitigation Framework as a Risk Assessment Partner (April 2026). The company has published incident analyses of the Base sequencer incident (August 2025), Polygon finality bug (September 2025), an AWS us-east-1 DNS outage affecting Base (October 2025), the Base outage of June 2026, the Kelp-Aave DeFi exploit (April 2026) and the Solana near-halt of August 2026. In 2021 named customers included Algorand, Solana, Dapper Labs, Hedera Hashgraph and Blockdaemon.

Latest developments

In 2026 Metrika published an analysis of the Solana near-finality-halt of August 12, 2026 (Aug 17, 2026), commentary on a Nyca report on digital asset infrastructure readiness (Aug 6, 2026), a letter to the FCA and Bank of England on tokenisation (Aug 4, 2026), and post-mortems on the Base network outage of June 25, 2026 and the Kelp-Aave incident of April 18, 2026. It was featured in GBBC's 101 Real-World Blockchain Use Cases 2026, joined the GBBC Capital Markets Risk Mitigation Framework as a Risk Assessment Partner (April 2026), released a second Chartis Research paper applying Integrated Composability Risk to tokenized mutual funds (March 2026), co-hosted a tokenization roundtable at the Harvard Club of New York City with Chartis Research and Risk.net (March 19, 2026), and sponsored the GARP Financial Risk Symposium (March 2026).

β–ΈFull profile β€” market position, technology, go-to-market, geography, history, risks & controversies

Market position

Positions itself as an infrastructure and observability layer bridging blockchain networks and institutional finance risk standards. Third-party recognition includes inclusion in Chartis RiskTech100 2026 'Ones to Watch' in the inaugural Digital Asset Data and Risk Management category, and a listing as Use Case #48 in the Global Blockchain Business Council's 101 Real-World Blockchain Use Cases Handbook 2026.

Differentiators cited by the company include a single quantified asset-level risk score (MARS), the Integrated Composability Risk framework for cross-protocol dependency risk, breadth of monitored indicators (900+), full-history blockchain data, multi-chain coverage spanning EVM and non-EVM networks, automation that the company says reduces manual work by 40%, and validated collaborations with major credit rating agencies.

Technology

The platform ingests and analyzes blockchain network, protocol and smart contract data in real time, tracking 900+ key risk indicators with automated alerting and 24/7 monitoring, and retains comprehensive historical chain data from genesis for backtesting and predictive modeling. It supports multi-chain coverage across EVM and non-EVM networks; a 2025 proof-of-concept with S&P Global Ratings implemented monitoring across five EVM and non-EVM blockchains with over 100 key risk indicators and 10 live risk assessments calibrated for tokenized money market funds. Analytical outputs include the Integrated Composability Risk (ICR) framework, developed with Chartis Research to quantify interconnected DeFi dependencies, and the Metrika Asset Risk Score (MARS) scoring engine. The company also cites AI-powered risk assessments, bank-level security protocols and a 99.9% uptime guarantee.

Go-to-market

Direct enterprise sales supported by demo requests, plus extensive public-market presence through proofs-of-concept with credit rating agencies (Moody's Ratings, S&P Global Ratings), co-published research with Chartis Research, sponsorship and speaking at industry events (Consensus, Point Zero Forum, GARP Financial Risk Symposium, Moody's Digital Frontiers, GBBC conferences), invitation-only roundtables, and policy engagement with U.S. and U.K. regulators.

Regulated financial institutions and government agencies: Tier 1 global banks, credit rating agencies and index providers, qualified custodians and exchanges, tokenization and stablecoin issuers, and regulatory agencies and supervisors. Earlier customers cited in 2021 included Algorand, Solana, Dapper Labs, Hedera Hashgraph and Blockdaemon.

Geography

Headquartered in Cambridge/Boston, Massachusetts, United States (address listed as 91 Sydney St., Suite 1010, Cambridge, MA 02139). Activities span the U.S. (Washington, D.C. policy engagement; New York events) and Europe (Moody's London bootcamp, Point Zero Forum in Zurich, correspondence with the FCA and Bank of England), plus Consensus 2025 in Toronto.

History

Metrika began as an operational intelligence provider for blockchain networks, raising a $3.7M seed round and a $14M Series A led by Neotribe Ventures announced in September 2021. Over 2025 it repositioned around institutional digital asset risk management: proofs-of-concept with Moody's Ratings (March 2025) and S&P Global Ratings (May 2025), formal input to the SEC Crypto Task Force and meetings with U.S. congressional committees, and the October 2025 launch of the Integrated Composability Risk framework with Chartis Research alongside the Metrika Asset Risk Score. In 2026 it continued policy engagement (comment letters to the OCC on the GENIUS Act rulemaking, to the U.S. Senate Banking Committee on the CLARITY Act, and to the FCA and Bank of England on tokenisation), joined the GBBC Capital Markets Risk Mitigation Framework as a Risk Assessment Partner, and published further research with Chartis Research on tokenized fund infrastructure.

Risks & controversies

No controversies are reported in the available sources. Data conflicts exist across sources: founding year is given as 2019 in company press materials and 2017 in internal records, and a third-party aggregator page reports a "$22M funding round" in June 2025 without naming investors or a round label, which is inconsistent with the $17.7M cumulative total disclosed in the 2021 Series A announcement.

Compiled by commissioned research from 8 cited public sources β€” announcements, filings, and press listed under research sources below.

Key figures

latest reported
Key risk indicators trackedJan 2026900 indicators
Manual work reductionJan 202640%
Media and insights resources publishedAug 202649 resources
Total funding to dateSep 2021$17.7M
Uptime guaranteeJan 202699.9%

Company-reported or press-reported figures, each dated to when it was claimed β€” not independently audited.

Timeline Β· 12

launches, deals, and filings
Aug 2026
Letter to the FCA and Bank of England on the future of tokenisation

source β†—

Aug 2026
Featured as Use Case #48 in GBBC's 101 Real-World Blockchain Use Cases 2026

Metrika was included in the Global Blockchain Business Council handbook under the title 'Operationalizing Risk Mitigation: Real-Time Risk Monitoring for Public Blockchain Infrastructure.'

source β†—

May 2026
Letter to U.S. Senate Banking Committee on the CLARITY Act

Metrika submitted a letter to the U.S. Senate Committee on Banking, Housing, and Urban Affairs in support of the Digital Asset Market Clarity Act of 2025.

source β†—

Apr 2026
Comment letter to the OCC on GENIUS Act stablecoin rulemaking

Metrika submitted a comment letter to the Office of the Comptroller of the Currency on the proposed rule implementing the GENIUS Act for stablecoin issuers.

source β†—

Apr 2026
Joined GBBC Capital Markets Risk Mitigation Framework as Risk Assessment Partner

source β†—

Mar 2026
Chartis Research and Metrika publish paper on risk in tokenized fund infrastructure

Second report in a series on digital asset risk, applying the Integrated Composability Risk framework to tokenized mutual funds.

source β†—

Jan 2026
Named to Chartis RiskTech100 2026 'Ones to Watch' list

Metrika was recognized in the inaugural 'Digital Asset Data and Risk Management' category of the Chartis RiskTech100.

source β†—

Oct 2025
Launch of Integrated Composability Risk (ICR) framework and Metrika Asset Risk Score (MARS)

With Chartis Research, Metrika released the Integrated Composability Risk framework for quantifying interconnected DeFi dependencies, operationalized through MARS, a real-time scoring engine producing a single risk metric across protocol, asset and network layers.

source β†—

May 2025
Proof-of-concept concluded with S&P Global Ratings for multi-chain digital asset risk framework

Metrika and S&P Global Ratings concluded a proof-of-concept implementing real-time monitoring across five EVM and non-EVM blockchains, establishing over 100 key risk indicators and 10 live risk assessments calibrated for tokenized money market funds.

source β†—

Mar 2025
Proof-of-concept completed with Moody's Ratings on operational risks in digital assets

Metrika and Moody's Ratings completed a proof-of-concept demonstrating how digital asset risks such as network health, governance dynamics and protocol security can be systematically measured and integrated into credit assessment models.

source β†—

Jan 2025
Formal input submitted to SEC Crypto Task Force

Metrika submitted formal input on operational risk considerations for digital asset innovation and met with the SEC Crypto Task Force, the Senate Committee on Banking, Housing, and Urban Affairs and the House Committee on Financial Services.

source β†—

Sep 2021
Metrika closes $14M Series A led by Neotribe Ventures

Metrika announced a $14M Series A led by Neotribe Ventures with participation from Coinbase Ventures, Samsung NEXT, Nyca Partners and SCB 10X, bringing total funding to $17.7M including a prior $3.7M seed round.

$14M source β†—

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

β–ΈResearch sources Β· 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Metrika do?
Metrika operates an enterprise platform for real-time digital asset and blockchain risk monitoring, scoring and compliance reporting.
Who founded Metrika?
Metrika was founded by Nikolaos Adrikogiannopoulos in 2017.
Who are Metrika's investors?
Metrika's investors include Coinbase Ventures, Neotribe Ventures, Nyca, Nyca Partners, Samsung Next, SCB 10X.
How much funding has Metrika raised?
Metrika has disclosed $22.5M raised across 2 of its 4 known rounds.
Where is Metrika headquartered?
Metrika is headquartered in Cambridge, US.