Blockchain Sector Analyst Chainalysis Raises $170m

Blockchain data platform Chainalysis has raised $170m in a Series F round of funding, which brings its valuation to $8.6 billion. New funds will be invested in product innovation and to scale global operations.

New York-based Chainalysis provides data, software, services and research to government agencies, exchanges, financial institutions, and insurance and cybersecurity companies in more than 70 countries. Its data is used to support investigation, compliance and market intelligence software. It also offer Market Intel metrics powered by a proprietary dataset and designed to provide a holistic view of the entire crypto landscape.

New funding comes from previous investors Accel, Blackstone, Dragoneer and FundersClub, with participation from Bank of New York Mellon and Emergence Capital. Michael Gronager (pictured), co-founder and CEO, Chainalysis, comments: 'Our partners at GIC understand the power of Chainalysis' data platform and customer network, the strength of our team of leaders, and the market opportunity before us. I'm thrilled to deepen our relationship with their team, especially as we expand our business in the APAC region'.

Web site: www.chainalysis.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.