chainalysis reaches $8.6 billion valuation in $170 million series f funding round

chainalysis, a cryptocurrency surveillance and blockchain balancing the books solid, has announced it has completed a new funding round for its operations. the company raised $170 million in its series f funding round, which was led by gic — the government of singapore investment corporation — and also had the taking part of earlier investors. thus capital influx, the company reached a valuation of $8.6 billion.

chainalysis, a cryptocurrency and blockchain balancing the books solid, has announced it raised $170 million in its latest funding round, with investments led by gic, the government of singapore investment corporation. the series f funding round also had the taking part of earlier and new investors, including accel, blackstone, dragoneer, fundersclub, the bank of new york mellon, and emergence capital.

thus new investment, the company reaches a valuation of $8.7 billion, in a context where crypto regulation is starting imminent adopted by more countries and government bodies in this area the world. this funding round dwarves hot raise of the company, which raised $100 million last june, giving it a valuation of $4 billion earlier.

the investment resemble complement other blockchain-based investments beginning at gic, which was also involved in the earlier series e round and has put funds behind anchorage and the bc group. on the subject, chainalysis co-founder and ceo michael gronager stated:

our partners at gic understand the power of chainalysis’ data platform and customer system, the strength of our team of leaders, and nasdaq opportunity before us.

furthermore, gronager also stated the company ambitious expanding its business to the apac zone.

chainalysis has also contingent an overview of the objectives it wants to fulfill with the funds raised. the company stated that this investment will serve “product contraption and scale its all-around operations to meet customer demand as the asset class gains exceptional acceptance.”

chainalysis’ growth has been significant, in agreement with enchiridion given every company. its customer count has increased by 75% year-on-year. furthermore, the company has included new business by adding nft-related operations in partnering with prim labs. it has also been involved in solving bend crypto-related case, including the colonial pipeline attack, where it helped to seize $2.3 million, and the establishment of sanctions on definite russian-based services involved in money laundering procedure.

what do you grieve hot series f funding round and the $8.6 billion coin valuation reached by chainalysis?

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2022-05-14 05:36:10