Chainalysis, one of the best-known companies for analyzing blockchain data, was able to raise another $ 100 million in a round of funding. Previous and new investors were involved.

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Lucrative Blockchain Analysis

Bockchain analytics firm Chainalysis has raised $ 100 million in its Series E funding round led by investment firm Coatue and is now one of the most valuable blockchain companies with a valuation of $ 4.2 billion. The round was led by Coatue, which included Blackstone, Sequoia Heritage and SVB Capital.

Chainalysis provides blockchain analysis tools for businesses, crypto exchanges or law enforcement agencies. Since cryptocurrencies such as Bitcoin or Ethereum (to buy from eToro or Libertex) becoming more and more popular, financial institutions are also experiencing unprecedented demand. In addition, government agencies prioritize threats such as ransomware, and cryptocurrency exchanges hope to gain a competitive advantage through appropriate statistics. Blockchain data can help public and private sector organizations better understand the asset class and promote its adoption.

According to the company, the funds raised will be used to expand its infrastructure with a focus on data and software. Specifically, the company wants to use the capital in the following areas:

  • More data: Chainalysis wants to cover more cryptocurrencies and focus on emerging use cases like DeFi. It will also introduce a Global Intelligence feature to help identify warning signs of potential threats more quickly and reduce the time to respond.
  • Software: Develop a suite of software solutions to enable public and private sector teams to work together on the same data set with a unified foundation.
  • Access: Provide direct access to Chainalysis data via APIs. For example, government agencies, financial institutions and cryptocurrency exchanges should be able to combine chainalysis data with information from their companies.

Chainalysis raises a total of 365 million dollars

Michael Gronage, Co-founder and CEO of Chainalysis:

“The future of finance and national security will be based on data-driven blockchain decisions. We’ve leveraged the visibility of blockchains to deliver actionable insights into markets, threats, and business opportunities.“

Kris Fredrickson, Managing Partner at Coatue added:

“Chainalysis’ data platform is a central infrastructure that helps create a secure and thriving cryptocurrency market.“

With the growing adoption of cryptocurrencies, financial institutions, government agencies, and cryptocurrency companies are increasingly using chainalysis to make important decisions, Frederickson said.

Just a few months ago, Chainalysis was able to raise $ 100 million in the Series D financing round. In total, the data company has received $ 365 million from investors to date. Since then, the company’s leadership team has been expanded to include numerous industry veterans. Including” Director of Cyber Intelligence ” Rob Bone. He most recently served as a special agent with the FBI, overseeing all counterintelligence and cyber investigations in Southern California.