Blockchain intelligence firm Chainalysis has announced it has raised $100 million in its Series C funding to continue developing its tools for monitoring digital markets.
Chainalysis is recognized worldwide as one of the leading analytics and intelligence companies in blockchain The U.S. government is one of the largest and most experienced law enforcement agencies in the world. Its popular tools have been used by major U.S. agencies such as the Securities and Exchange Commission (SEC), Department of Justice (DOJ), Federal Reserve Bank (FED), Commodity Futures Trading Commission (CFTC), Financial Crimes Enforcement Network (FinCEN), United States Marshals Service (USMS) and more; as well as Europol’s European Cybercrime Centre (EC3) in Europe.
The long road that this intelligence firm has traveled is focused on fulfilling its objective of supporting the adoption of digital markets, but in a responsible and secure way. Chainalysis' tools are designed to monitor markets and detect fraudulent or illicit activities carried out with cryptocurrencies, and digital assets, solving problems that inhibit the growth and development of the crypto industry while protecting the ecosystem from “abuse” by malicious actors.
To achieve this goal, the company has been developing a series of financing rounds to raise funds to expand its global regulatory platform as the cryptocurrency market continues to grow and develop rapidly.
Chainalysis recently announced the raised $ 100 billion through its Series C, valuing the company at around $1.000 billion.
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Chainalysis' Series C for global expansion
Several of the companies and businesses that participated in the fundraising of the Serie B Chainalysis, like Ribbit Capital, were present in this other round. However, the fundraising was led by the company Addition, a venture capital firm newly founded by Lee Fixel, a former executive at the US hedge fund Tiger Global.
“This Series C round was led by Addition, with participation from previous investors including Accel, Benchmark and Ribbit.”
Now, with this fundraising, Chainalysis aims to expand its company globally, and continue developing tools that allow it to closely follow everything that happens in the world of cryptocurrencies and digital assets. The company has expressed that it will open branches in South Korea and Australia, in addition to boosting its newly opened intelligence centers in Singapore and Tokyo.
Chianalysis also says it will continue to hire specialized personnel for its offices in Washington DC, New York, London and Copenhagen, Denmark.
Dancing to the rhythm of cryptocurrencies
Chainalysis says that the crypto economy is here to stay, and that cryptocurrencies are “one of the most important technological innovations for the next generation of financial infrastructure.” And since these are borderless digital assets, Chainalysis is committed and duty-bound to provide the highest levels of support to its customers worldwide, through innovative and sophisticated tools and products that keep up with, and even outpace, the growth of the crypto industry.
Today, large institutional players in the financial sector have entered into Bitcoin investments, such as GrayScale, Square, microstrategy, and others that follow these initiatives, so every day the industry needs reliable data that allows investors to enjoy the potential of the digital world, but complying with the regulations established in this matter to guarantee a healthy and responsible development.
Chainalysis is a company that brings together the technological development of cryptocurrencies, the financial system, and the world's regulators and governments, to enable the development of a global economy accessible to all. This company has a base of more than 350 clients from both the public and private sectors, to whom it offers a wide range of new and innovative tools to ensure security, trust, and compliance in cryptocurrency transactions.
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