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23 April 2021

Blockchain Analysis Company Chainalysis Raises $100M at $2B Valuation

Blockchain Analysis Company Chainalysis Raises $100M at $2B Valuation


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On 2 April 2021, blockchain analysis startup Chainalysis raised approximately $100M in a fundraiser spearheaded by Paradigm, which uplifted its valuation above $2B. .

Additionally, the startup hasdoubledits annual recurring revenue, covers over 100 virtual currencies within ten blockchain networks, and has expanded its partnership program with over 50 new companies such as Flashpoint and Fireblocks.

As money companies continue to adopt blockchain services, tracking technology from companies such as Chainalysis is imperative. .

Twitter is a center for such ‘mega giveaways’ scams, and technology tracking systems like Chainalysis help track the rather untrackable fraudsters such as the fake Elon Musk account.

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