Chainalysis is one of the well-known names in the crypto arena, as we refer to it as a source in the Arab Bitcoin in many studies and research related to blockchain technology and digital currencies.

Recently, through a press release announced Chainalysis said it raised $100 million in a Series D funding round, pushing its valuation to more than $2 billion.

Michael Groneger, CEO of Chainalysis, said:CNBC“:

What we are seeing now is that the market is growing and some traditional players are often adopting crypto in a way we haven’t seen before.

The Chinalysis funding round was led by investment firm Paradigm, with participation from TIME Ventures, the investment fund led by Salesforce CEO Marc Benioff.

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We are excited to announce that we have raised $100 million Series D at a valuation of $2 billion+ to support our continued growth! @Model She led the tour, with participation from the investment company TIME Ventures in Tweet embedAnd former investors in addition and Tweet embed. pic.twitter.com/zNieAmJmcD

– Chainalysis March 26, 2021

In addition, two previous investors in Chainalysis – Addition and Ribbit – have increased their investment in the company.

Mr. Farid Ehrsam, co-founder of Paradigm stated:

Paradigm is excited to invest in companies that enable the future of money.

Chainalysis provides the basic data and software infrastructure for the cryptocurrency ecosystem, and with the growth of cryptocurrency adoption, Chainalysis will have an important role going forward.

Notably, Chainalysis was valued at half its present value just four months ago, when the company closed another $100 million funding round, Groniger commented about it, saying:

What has changed over the past four months is the opportunity and the speed at which we will grow to more customers and simply increase revenue.

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This means we need to do more building now.

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According to Groneger, Chainalysis will use the new capital to expand the company’s business and provide enterprise data solutions to crypto companies, financial service providers, asset managers, financial institutions, and government agencies that need to identify and map connections across data sets to build a comprehensive crypto-abuse threat.

Groniger concluded by saying:

At Chainalysis, we believe that every company will eventually use blockchain to run their business.

If that happens, Chainalysis has a lot of work to do already.

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