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- Chainalysis has raised $100 million in a recent Series E funding round
- Coatue led the capital raising round, and the firm’s previous investors also participated
- After the funding round, the firm is currently worth $4.2 billion
- The CEO of Chainalysis believes blockchain data-driven decisions are the future of finance and national security
Chainalysis is a blockchain data analysis provider firm. The firm is helping government agencies, crypto businesses, and financial institutions to engage with digital assets with confidence. The data provider announced that it raised $100 million in a Series E capital raising round on Thursday. The financing round was led by Coatue, a global technology-focused investment manager with few previous investors.
Who participated in the funding round?
Coatue led the financing round. Although, few previous investors like Benchmark, Accel, Addition, Dragoneer, Durable Capital Partners, and 9Yards Capital increased their investment in the company, Altimeter, Blackstone, GIC, and Pictet Sequoia Heritage, and SVB Capital also participated in the fundraising round.
According to Coatue, the blockchain data platform is the core infrastructure that helps to create a safe and thriving crypto market. Indeed, with a spike in crypto adoption, governments and institutions will increasingly deploy the data platform.
Chainalysis is now worth $4.2 billion
The blockchain data provider firm is known for building trust in the cryptosphere. It offers investigations and compliance software that helps organizations and corporations globally detect and prevent digital assets crimes. Notably, Chainalysis is the only firm that has systematically collected such information that links blockchain with the real world. After the recent funding round, Chainalysis is valued at $4.2 billion worth.
What does the blockchain data firm aim at?
According to Chainalysis, the latest raised funds will help to execute its vision as the blockchain data platform. The firm will deepen its data advantage by covering more digital assets and focusing on emerging sectors like the DeFi industry. Moreover, the funds will help to launch a Global Intelligence function that could quickly identify warning signs for potential threats and reduce time to response.
On the other hand, the firm will build new collaboration tools in its suite of software solutions. The fact will help public and private sector teams to work together from the same data set. Indeed, the collaboration could be consistent and with a shared understanding.
Furthermore, the funds will also help to give direct access to Chainalysis data via APIs. The factor will help governments, financial organizations, and digital assets exchanges combine the data with information from their workspace. Thus, such organizations and corporations will be able to make better decisions.
Blockchain data-driven decisions are the future
Michael Gronager, the co-founder and CEO of Chainalysis, believes that the future of finance and national security will be based on blockchain data-driven decisions. In addition, Gronager deems that they have harnessed the transparency of blockchain to offer actionable insights into markets, threats, and opportunities.
