Chainalysis now valued at $4.2 billion as industry depends on reliable blockchain data

Rick Steves

As these tools are only as good as the underlying data, Chainalysis systematically collects information that links real-world entities to blockchain transactions since 2013.

DTCC’s ALERT hits six million instructions

Chainalysis has secured a $100 million Series E financing led by Coatue, bringing its valuation to $4.2 billion.

The capital raise will allow the firm to deepen its data advantage by covering more cryptocurrencies and focusing on emerging use cases like DeFi, and launching a Global Intelligence function to more quickly identify warning signs for potential threats and reduce time to response.

Chainalysis also plans to develop collaboration tools in its suite of software solutions so that public and private sector teams can work together from the same data set with a consistent, shared understanding.

Chainalysis is one of the must trusted firms within the cryptocurrency space, bringing investigations and compliance software that enables government agencies and private sector businesses across the world to detect and prevent cryptocurrency crime and money laundering.

As these tools are only as good as the underlying data, Chainalysis systematically collects information that links real-world entities to blockchain transactions since 2013.

The company has focused on the collection and analysis of blockchain data and has been used by companies like Hex Trust and Banco Topazio for due diligence on customers.

With financial institutions experiencing unprecedented demand for crypto assets, government agencies prioritizing threats like ransomware, cryptocurrency exchanges seeking a competitive edge, Chainalysis is there to provide reliable blockchain data that provides insight to the risks and opportunities.

Kris Fredrickson, Managing Partner at Coatue, said: “Chainalysis’s data platform is core infrastructure which helps to create a safe and thriving cryptocurrency market. As cryptocurrency adoption grows, we believe that financial institutions, government agencies, and cryptocurrency businesses will increasingly deploy Chainalysis’s platform to make important decisions – from figuring out the best way to dismantle the operations of a threat actor to deciding which new cryptocurrency products are likely to drive the most demand.

Michael Gronager, Co-founder and CEO, Chainalysis, commented: “The future of finance and national security will be based on blockchain data-driven decisions. We’ve harnessed the transparency of blockchains to provide actionable insights into markets, threats, and business opportunities. Our partners at Coatue understand the power of our vision for the Chainalysis data platform and the software, access, and services it powers.”

Chainalysis latest financing round was its $100 million Series D in March 2021, which brought the total amount raised to $365 million.

The firm has appointed ex-Atlassian Chief Product Officer Pratima Arora, ex-SiSense General Counsel Sarah Ward, and ex-FBI Special Agent Rob Bone as Director of Cyber Intelligence Rob Bone.

The firm has most recently partnered with Acuant to enhance the latter’s AML solutions for cryptocurrency exchanges and blockchain business worldwide. In May, Chainalysis launched a business data product for crypto venues.

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