Blockchain Analysis Firm Chainalysis Scores $100 Million Through Series D Investment Round Led By Paradigm

Blockchain analysis company, Chainalysis, announced on Friday it raised $100 million through its Series D funding round, which was led by Paradigm with participation from TIME Ventures, the investment fund for Marc Benioff, along with previous investors Addition and Ribbit. Chainalysis reported that it is now valued at over $2 billion. Founded in 2014, Chainalysis offers cryptocurrency investigation and compliance solutions to global law enforcement agencies, regulators, and businesses as they work together to fight illicit cryptocurrency activity. The company is building solutions for the following:

  • Cryptocurrency businesses and financial services providers that want to optimize their market development strategies based on on-chain customer behaviors
  • Asset managers and financial institutions that want to use on-chain data to discover crypto investing opportunities
  • Government agencies that need to connect on-chain activity to other data sets

In regards to its future plans, Chainalysis added:

“First and foremost, we will continue to provide outstanding support to our amazing customers. We will continue to lead the market for blockchain analysis, investigation, and compliance software with the best data on illicit cryptocurrency activity. Powering the regulatory infrastructure of the industry is the heart of our business and our team works everyday to protect the ecosystem.”

The latest investment round comes just days after Hong Kong-based cryptocurrency Crypto.com announced Crypto.com Chain has teamed up with Chainalysis.

“Chainalysis will support the integration of the CRO token on Crypto.org Chain, providing real-time and on-chain monitoring solutions. In particular, Chainalysis KYT (Know Your Transaction) software combines industry-leading blockchain intelligence, an easy-to-use interface, and a real-time API to reduce manual compliance workflows, further helping cryptocurrency businesses comply with both local and global regulations.”

 

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