Chainalysis secures $100 Million at $4.2 Billion valuation

New York based Chainalysis has raised $100 Million in Series E funding at a total valuation of $4.2 Billion.

Chainalysis offers blockchain data and analysis platform. The blockchain startup's platform is leveraged by different government agencies, banks, and businesses around the world.

Blockchain startup already raised a $100 Million Series D round in March 2021. To date, Chainalysis has raised a total amount raised to $365 million in nine funding rounds.

Managing Partner at Coatue, Kris Fredrickson, said, "Chainalysis's data platform is core infrastructure which helps to create a safe and thriving cryptocurrency market. As cryptocurrency adoption grows, we believe that financial institutions, government agencies, and cryptocurrency businesses will increasingly deploy Chainalysis's platform to make important decisions – from figuring out the best way to dismantle the operations of a threat actor to deciding which new cryptocurrency products are likely to drive the most demand."

Co-founder and CEO, Chainalysis, Michael Gronager, said, "The future of finance and national security will be based on blockchain data-driven decisions. We've harnessed the transparency of blockchains to provide actionable insights into markets, threats, and business opportunities. Our partners at Coatue understand the power of our vision for the Chainalysis data platform and the software, access, and services it powers."

Coatue led the latest funding round for Chainalysis. Other participating investors include Benchmark, Accel, Addition, Dragoneer, Durable Capital Partners, 9Yards Capital  Altimeter, Blackstone, GIC, Pictet, Sequoia Heritage, and SVB Capital.

Chainalysis intends to leverage new funds to double down on its blockchain data platform for cryptocurrency in supporting DeFi use cases as well as providing API-based access to its blockchain data and analysis platform, notes the announcement