Fun

Chainalysis Reaches $8.6 Billion Valuation In $170 Million Series F Funding Round

News Feed - 2022-05-14 02:05:59

Chainalysis Reaches $8.6 Billion Valuation In $170 Million Series F Funding Round


Chainalysis, a cryptocurrency security and blockchain auditing firm, 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 participation of earlier investors. With this capital influx, the company reached a valuation of $8.6 billion. Chainalysis Gets Investment From GIC


Chainalysis, a cryptocurrency and blockchain auditing firm, 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 participation of earlier and new investors, including Accel, Blackstone, Dragoneer, Fundersclub, the Bank of New York Mellon, and Emergence Capital.


With this new investment, the company reaches a valuation of $8.7 billion, in a context where crypto regulation is starting to be adopted by more countries and government bodies around the world. This funding round dwarves the latest raise of the company, which raised $100 million last June, giving it a valuation of $4 billion at that time.


The investment comes to complement other blockchain-based investments from 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 network, the strength of our team of leaders, and the market opportunity before us.


Furthermore, Gronager also stated the company would be expanding its business to the APAC zone. Expansion and Growth


Chainalysis has also provided an overview of the objectives it wants to fulfill with the funds raised. The company stated that this investment will contribute to “product innovation and scale its global operations to meet customer demand as the asset class gains mainstream acceptance.”


Chainalysis’ growth has been significant, according to the numbers given by the 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 Dapper Labs. It has also been involved in solving landmark crypto-related crimes, including the Colonial Pipeline attack, where it helped to seize $2.3 million, and the establishment of sanctions on several Russian-based services involved in money laundering processes. Tags in this story $170 million, Auditing, Chainalysis, GIC, Security, series f funding round


What do you think about the latest Series F funding round and the $8.6 billion dollar valuation reached by Chainalysis? Sergio Goschenko


Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price rise happened during December 2017. Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved. Central Bank of Chile Studies Issuance of a Digital Currency NEWS | 9 hours ago Stablecoin Shuffle — Terra Fiasco Shakes up Fiat-Pegged Crypto Economy, Over $35 Billion Disappears NEWS | 13 hours ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleVeteran Investor Mark Mobius Expects Bitcoin to Fall Further — Cautions Crypto Traders Against Buying the Dip Next articleArgentinian Senate Passes Bill That Would Tax Assets Held in Foreign Countries, Including Crypto Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItRipple CEO: SEC Lawsuit Over XRP "Has Gone Exceedingly Well"


The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.SEC Risks Violating Admin Procedure Act by Rejecting Spot Bitcoin ETFs, Says Grayscale UAE Airliner Emirates to Launch NFTs and Experiences in the Metaverse Privacy-Centric Monero Plans for July Hard Fork, Plans Include Ring Signature, Bulletproof Upgrade Economist Predicts the Fed"s Response to Inflation Will Push Crypto Higher

News Feed

Nigerian SEC mandates local offices for crypto firms
Amaka Nwaokocha12 hours agoNigerian SEC mandates local offices for crypto firmsThe requirement also states that applicants must report customer complaints and emergent risks and be subject to SEC inspections, audits and
Bitcoin Triggers Golden Cross: What This Means For The Crypto Trend
Este artículo también está disponible en español. Bitcoin price is now above $70,000 per coin. The recent rally back toward local all-time highs has carried BTCUSD high e
NSA ’just days from taking over the internet’ warns Edward Snowden
Tom Mitchelhill4 hours agoNSA ’just days from taking over the internet’ warns Edward SnowdenThe FISA 702 bill has been described by critics as a “dramatic and terrifying” expansion of the United States government
Uniswap: New Crypto Developments Lift UNI Price Up by 17% – Details
Este artículo también está disponible en español. Uniswap has surprisingly outpaced the broader market with the token experiencing an outstanding17% uptick since last wee
Cardano Successfully Applies Alonzo Hard Fork; Adds Smart Contract Capabilities to Its Blockchain
Cardano Successfully Applies Alonzo Hard Fork; Adds Smart Contract Capabilities to Its Blockchain Cardano, the third cryptocurrency ranked by market cap, has successfully applied t
Tether, ICOs, Craig Wright – Attorney Divulges New Details on Billion Dollar Crypto Lawsuits
Tether, ICOs, Craig Wright - Attorney Divulges New Details on Billion Dollar Crypto Lawsuits On April 3, the law firms Roche Cyrulnik Freedman and Selendy & Gay filed 11 class-ac
Mystery malware targets Call of Duty cheaters, stealing their Bitcoin
Jesse Coghlan5 hours agoMystery malware targets Call of Duty cheaters, stealing their BitcoinMalware database vx-underground has warned of a new info-stealing malware in cyberspace that is targeting video gamers, especia
$2.2M Worth of Bored Ape Yacht Club NFTs Stolen — Victim Says Incident Was ‘Arguably the Worst Night’ of His Life
$2.2M Worth of Bored Ape Yacht Club NFTs Stolen — Victim Says Incident Was "Arguably the Worst Night" of His Life According to reports, roughly $2.2 million worth of Bored Ape Ya
China Introduces Digital Yuan Payments in Ningbo Subway, Guangzhou Buses
China Introduces Digital Yuan Payments in Ningbo Subway, Guangzhou Buses Authorities in two Chinese cities are promoting the digital yuan as a payment method in the public transpor
Polygon, Reddit Co-Founder’s VC Firm Launch $200 Million Social Media Web3 Fund
Polygon, Reddit Co-Founder"s VC Firm Launch $200 Million Social Media Web3 Fund The team behind Polygon, the protocol dedicated to interconnected blockchain networks like Ethereum,
BlackRock Brazil launching depositary receipts fund mirroring US BTC ETF
Derek Andersen3 hours agoBlackRock Brazil launching depositary receipts fund mirroring US BTC ETFThe Brazilian ETF will launch on March 1 on the B3 platform. There are already 13 Brazilian ETFs with crypto exposure.1459
Donated or Inherited Virtual Assets to Be Taxed by South Korea’s NTS
Donated or Inherited Virtual Assets to Be Taxed by South Korea"s NTS Starting in the year 2022, donated or inherited virtual assets will be assessed and taxed accordingly, South Ko