Crypto Data Company Chainalysis Says It’s Valued at $1 Billion

In letter

  • Blockchain data company Chainalysis expects to raise $ 100 million in Series C funds next week.
  • That increase would value the company at $ 1 billion.
  • The financing round is led by the venture capital company Addition.

Chainalysis, a data and analytics firm helping corporations and government agencies conduct research into the blockchain space, is in the process of raising $ 100 million in Series C funding on a $ 1 billion valuation.

According to a new report by ForbesThe financing round is led by the VC company Addition and supported by Accel, Benchmark and Ribbit.

Forbes says the companies have already signed and that the final filing should be completed next week. The chain analysis did not respond immediately DecryptPlease comment.

The company was instrumental in this knock down all kinds of blockchain criminals, from money launderers to terrorists. Chain analysis often works with government agencies (the US Air Force) It reportedly spent $ 800,000 for its services), but has also worked with private companies such as the digital payment giant Square.

Chainalysis announced a new program just last week better helping governments Treat your stocks of legally confiscated cryptocurrency – like this stash of Bitcoin worth $ 1 billion connected to the dark web marketplace Silk Road.

Chainalysis has also hinted at plans to buy another security company in the near future, stating that the company, even if it’s not making money, is on the verge of profitability.

Per ForbesChainalysis revenues will double in 2021 and again in 2022.