Blockchain forensics startup Chainalysis raises $100 million at $2 billion valuation
By Anna Irrera
LONDON (Reuters) – New York-based Chainalysis, a startup that allows firms and authorities companies to analyse and look at blockchain transactions, talked about on Friday it had raised $100 million from merchants at a valuation of larger than $2 billion.
The spherical was led by funding company Paradigm, with participation from current backers Addition, Ribbit and TIME Ventures, Chainalysis talked about.
The cash injection shall be used to produce enterprise data choices to cryptocurrency firms, financial suppliers firms and authorities companies, the company talked about.
“We’ll proceed to spend cash on investigations and compliance software program program, nonetheless we’ll moreover assemble out new data merchandise every for our current purchaser base and new audiences,” talked about Michael Gronager, the company’s co-founder and chief authorities.
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