Chainalysis, a NYC-based blockchain analysis company, secured $100m in Series C financing.
The round, which brought the valuation of the company to over $1 billion, was led by Addition, with participation from Accel, Benchmark, and Ribbit.
The company intends to use the funds to further support the international expansion of its network of government agencies, financial institutions, and other private sector businesses that use its data platform and software solutions for transparency into cryptocurrency transactions and markets, scale its platform and its team.
Led by Michael Gronager, Co-Founder and CEO, Chainalysis provides data, software, and expertise on compliance and sophisticated cryptocurrency crime and money laundering tactics, techniques, and procedures to government agencies, exchanges, financial institutions, and insurance and cybersecurity companies in over 50 countries.
In the latest months, the company opened offices in Singapore and Tokyo, assisted US law enforcement in several cases, launched Market Intel, a data and insights portal for understanding cryptocurrency markets, and an asset realization program to help government agencies and insolvency practitioners handle, store, realize, and monitor seized assets and hired nearly 50 employees.