Chainalysis, a New York-based blockchain data analytics platform, announced yesterday that it has secured $100 million in the latest Series E funding round led by US-based Coatue.

According to show According to the reporter, the company’s existing investors, including “Benchmark,” “Accel,” “Addition,” “Dragoneer,” “Durable Capital Partners,” and “9Yards Capital,” have increased their investment in the blockchain analytics firm.

In addition, Chinalysis highlighted the participation of Altimeter, Blackstone, GIC, Pictet, Sequoia Heritage and SVB Capital in the new investment round.

Chainalysis stated that it is on a mission to facilitate the work of companies and government institutions in detecting and preventing crypto-crime crimes including money laundering.

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The company provides investigation and compliance programs for government agencies and crypto companies to detect and prevent illegal activities associated with cryptocurrencies.

Commenting on the latest funding round, Chris Frederickson, Managing Partner at Coate said:

Chainalysis Data Platform is an essential infrastructure that helps create a secure and thriving cryptocurrency market.

As crypto adoption grows, we believe that financial institutions, government agencies, and cryptocurrency companies will increasingly deploy the Chainalysis platform to make important decisions ranging from figuring out the best way to deconstruct the operations of threat actors to identifying new cryptocurrency products.

In March 2021, Chainalysis raised $100 million in a Series D investment round and received a valuation of more than $2 billion.

In the past few months, the blockchain data analytics platform has added several long-standing experts in the industry to its leadership team including Chief Product Officer Pratima Arora and General Counsel Sarah Ward.

Blockchain transparency:

Chainalysis has highlighted the importance of transparency in the blockchain ecosystem to reduce risks related to criminal activities including money laundering.

Michael Gronager, co-founder and CEO of Chainalysis, commented on blockchain transparency:

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The future of finance and national security will depend on decisions based on blockchain data.

We have harnessed the transparency of the blockchain to provide actionable insights into markets, threats, and business opportunities.

Our Coatue partners understand the power of our vision for the Chainalysis platform and the reach of the services it powers.

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