Crypto investigations firm chainalysis said Thursday it raised $170 million at an $8.6 billion valuation. realDannyNelson reports
it raised $170 million in a funding round that valued the blockchain analytics software developer at $8.6 billion.
The hulking software-as-a-service company says its customer base increased 75% to 750 total. Big spenders with $100,000+ accounts are also on the rise But companies and governments around the world are willing to pay. Chainalysis now has a presence in 70 countries and intends to invest big in regions outside its U.S. base.
Against all this is a proliferation of “more use cases for crypto” that clients need to monitor, label, profile and track. “We are constantly building new products” to keep up, Gronager said.
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