Skip to content
Business Headlines

Business Headlines

Bitcoin Business

Primary Menu
  • Business Headlines
  • Advertise Here
  • Contact Us
  • Privacy Policy
  • Sitemap
  • Home
  • Chainalysis Doubles Private Sector Business and Raises New Funding to Double Its Valuation to $8.6 Billion | News
  • Wealth Business

Chainalysis Doubles Private Sector Business and Raises New Funding to Double Its Valuation to $8.6 Billion | News

By James Hoomana 3 months ago

– Series F Financing Led by GIC with Participation from New and Previous Investors –

NEW YORK, May 12, 2022 /PRNewswire/ — Chainalysis, the blockchain data platform, today announced a $170 million Series F financing led by GIC, Singapore’s sovereign wealth fund, bringing its valuation to $8.6 billion. Previous investors Accel, Blackstone, Dragoneer, and FundersClub increased their investment in the company, and the Bank of New York Mellon and Emergence Capital also participated. Chainalysis is now the largest enterprise SaaS company in the cryptocurrency industry, and will use the funds to continue to invest in product innovation and scale its global operations to meet customer demand as the asset class gains mainstream acceptance.

While government bodies have long realized the importance of blockchain data and analysis, in the past year the demand for risk management and business intelligence solutions from exchanges and DeFi platforms scaling their businesses and financial institutions entering the cryptocurrency space reached new highs.

Related Posts:

  • BNY Mellon Wealth Management Named Gonzalo A. Acevedo as Senior Client Strategist in Miami | News

Over the past year, Chainalysis has:

  • Increased its customer count by 75% and now has more than 750 customers in 70 countries.
  • Doubled its private sector customer base and tripled its financial services customer base, and now counts more than 100 financial institutions as customers.
  • Increased the number of customers that account for more than $100k in annual recurring revenue by 75% to 150 customers.

Business Momentum & Customer Successes

As the cryptocurrency industry has evolved and expanded since Chainalysis raised its Series E financing in June 2021, the company has partnered with new types of customers including NFT platforms like Dapper Labs, fintech companies like Robinhood, and traditional financial institutions like the Bank of New York Mellon, Cross River Bank, and Commonwealth Bank (CBA) in Australia. Business grew across regions, with Asia Pacific in particular experiencing a breakout year in 2021 and more than doubling revenue and customer count. As the company scales, it has maintained a customer satisfaction NPS score of 80%+.

Chainalysis customers also had huge success disrupting criminal activity and recovering funds. In November 2021, the IRS Criminal Investigations announced that it had seized over $3.5 billion worth of cryptocurrency in 2021 — all from non-tax investigations — representing 93% of all funds seized by the division during that time period. Other successes include the $2.3 million seized from the ransomware group behind the Colonial Pipeline attack, and OFAC’s sanctioning of two Russia-based cryptocurrency services heavily involved in money laundering.

Product Development

Chainalysis is continuing to invest in building out its data platform to support new and enhanced risk management and business intelligence tools. Recent enhancements include:

  • Deepened data advantage: Blockchain analysis tools are only as good as the underlying dataset, and Chainalysis now offers extensive DeFi identifications including 100% coverage of the Top 15 DEX liquidity pools, and improved coverage of lending and oracle protocols and yield-aggregators.
  • Launched cross-chain graphing: With the increase in the number of blockchains — and of smart contracts that make them interoperable — Chainalysis Cross-Chain Investigations makes it easy for investigators to navigate this complicated ecosystem in a single graph.
  • Expanded transaction monitoring capabilities: Chainalysis now screens on average $1 Trillion in transaction value each month across all cryptocurrency assets, enabling our customers to more quickly list new assets safely.
  • Achieved SOC2 Type II Certification: Chainalysis completed its second compliance audit for the KYT and Reactor products, attesting to its successful implementation of controls in both the Security and Availability trust service criteria.

Team Growth

Over the past year, Chainalysis has hired more than 450 people, and now has over 700 employees. To support the company’s continued growth and strengthen its operational functions, Chainalysis recently hired executives across functions, including:

  • Sari Granat, President and Chief Operating Officer: Granat was previously EVP, Chief Administrative Officer & General Counsel at IHS Markit, where she led and scaled the data, analytics and technology company’s legal, compliance, enterprise risk, information security, and information technology functions through 10 years of growth and transformation.
  • W. Thomas Stanley, President and Chief Revenue Officer: Stanley was previously CRO at Tanium, where he drove hypergrowth to greater than $500M in ARR, while building out international markets as well as the partner sales organization.
  • Mikaela Smith, Global VP of Talent Acquisition: Smith has been focused on globally scaling companies through hypergrowth for the last 11 years at Slack and Twitter, launching and operationalizing innovative diversity-focused programs while building out next generation Talent functions.
  • Caroline Malcolm, Head of International Policy: Malcolm joins after 12 years at the Organisation for Economic Co-operation and Development (OECD), most recently as the Head of its Global Blockchain Policy Centre.

“Over the past year, the cryptocurrency industry crossed into the mainstream with financial institutions entering the space and new technologies like NFTs disrupting traditional markets,” said Michael Gronager, Co-founder and CEO, Chainalysis. “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. I’m thrilled to deepen our relationship with their team, especially as we expand our business in the APAC region.” 

“Chainalysis is in a unique position of running a SaaS business in the cryptocurrency space due to the stability of its business model as well as the increasing demand for trust and safety in the overall industry,” said Choo Yong Cheen, Chief Investment Officer of Private Equity at GIC. He added, “We are pleased to expand our partnership and look forward to their next stage of growth.”

“Our investment in Chainalysis is a natural progression of an already meaningful and productive alliance,” said Roman Regelman, CEO of Securities Services & Digital for BNY Mellon. “BNY Mellon is a leader in financial market innovation, and collaborating with established firms in the digital asset ecosystem, like Chainalysis, is a key pillar in our strategy.”

Chainalysis has over 370 open positions across all functions and geographies.

Chainalysis is hosting its annual Links New York conference this week on May 18 and 19. Register for the livestream here.

About Chainalysis

Chainalysis is the blockchain data platform. We provide data, software, services, and research to government agencies, exchanges, financial institutions, and insurance and cybersecurity companies in over 70 countries. Our data powers investigation, compliance, and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases and grow consumer access to cryptocurrency safely. Backed by Accel, Addition, Benchmark, Coatue, GIC, Paradigm, Ribbit, and other leading firms in venture capital, Chainalysis builds trust in blockchains to promote more financial freedom with less risk. For more information, visit www.chainalysis.com.

Cision View original content:https://www.prnewswire.com/news-releases/chainalysis-doubles-private-sector-business-and-raises-new-funding-to-double-its-valuation-to-8-6-billion-301545867.html

SOURCE Chainalysis

Tags: ""Succeeded His Business"", 2 Of Cups Business, 525 Business 5 Bankruptcies, Accounting Business Letter To Client, Bracken Business Communications Clinic, Business Account No Deposit, Business Administration Fafsa, Business Balance Sheet Explained, Business Card, Business Card Printing La Plata, Business Card To Secret Website, Business Cards Media Bar, Business Central Png, Business Coaching Site Cloudfront, Business Contract Lawyer 47201, Business Marketing Pearson Quizlet, Business Milleage Leager 18, Business Mobile Broadand Plans, Business Plan For Supplement Company, Business Plan Loan Originayor, Disrupting Digital Business Harvard, Ffiec Business Continuity Templates, Gauge Ear Piercing Business, Good Openings For Business Letters, Holton Investment Business, Indiana Wesleyan University Business, Indianapolis Business Times, List Business In Search Engines, List My Business Yahoo, Lunch Susbcription Business Model, Morgan Hill Business Liocense Renewal, Nee Small Business Bill Signed, Negotiating Business Acquisitions Practical Law, Networking Trends Small Business, New Business In Shorewood Il, School Business Officer Being Unethical, Small Business Administration Mass, Small Business Comunity, Small Business Corporation South Africa, Small Business Depew Llc, Small Business Medical Offices Chicago, Small Business Office Lakewood Nj, Small Business Plans Verizon, Small Business Storage Array, Small Business Sucess Stories, South Florida Business Journal Twitter, Torrington Ct, United Business Tech Response Sla, United Domestic Business Food, Video Business Woman Bukkake, Ways To Improve Business Technologyreddit

Continue Reading

Previous What Many Wealthy Families Get Wrong About ‘Great’ Wealth Managers
Next How To Use Google To Search For Lesser-Known Jobs

Recent Posts

  • The Importance Of Incorporating Finance Into The Business Conversation Immediately
  • UI introduces new risk management and insurance major
  • The Evolution of Social Media – From Connecting People to an Indispensable Marketing Tool
  • OceanFirst Financial (OCFC) Q2 2022 Earnings Call Transcript
  • NLRB Releases Data on 2022 Union Representation Petitions Uptick

Archives

  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • October 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • November 2018
  • October 2018
  • January 2017

Categories

  • Business & Finance News
  • Business Finance & Support
  • Business Headlines
  • Financial Function
  • Internet BusinessEmail Marketing
  • Wealth Business

AC

https://citratextile.com/category/aksesoris

visit now

computer screen
Intellifluence Trusted Blogger

backlinks

linkspanel

textlinks

buildinglink.buybacklinks.online/agence-seo 

bestwindshieldwipers2019.xyz © All rights reserved. | Magazine 7 by AF themes.
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT