Chainalysis Banks $100M Round at $2B Market Cap - Marc Benioff Backs
March 30, 2021
This capital will be used to extend Chainalysis's business to provide
enterprise data solutions to:
Asset managers and financial institutions that want to better understand cryptocurrency market trends as institutional dollars flow into this increasingly mainstream asset class
Government agencies that need to identify and map connections across datasets to build comprehensive pictures of threat actors that abuse cryptocurrency
"Paradigm is passionate about investing in companies that enable the future of
money," said Fred Ehrsam, Co-founder, Paradigm. "Chainalysis provides key data
infrastructure and software for the cryptocurrency ecosystem, and as
cryptocurrency adoption grows, so will demand for Chainalysis offerings."
Doubled its client base to include government agencies in over 30 countries and private sector businesses in over 60 countries
Grown its support to cover over 100 digital assets across 10 native blockchains, encompassing approximately 90% of cryptocurrency economic activity
Hired 116 new employees including Chief Marketing Officer Ian Andrews, who joined after eight years as a marketing executive at Pivotal and VMWare; VP Engineering Tom Woolway, who was previously an engineering executive at Dataminr and Twitter; VP Customer Success Bridget Barrot, who led customer success teams at Clubhouse Software and KAYAK; Director of Regulation and Compliance Caitlin Barnett, who was most recently Chief Compliance Officer at Bitstamp USA and has held senior compliance positions at cryptocurrency businesses and financial institutions; and Global Public Sector Chief Technology Officer Gurvais Grigg, who was an Assistant Director at the Federal Bureau of Investigation (FBI)
Expanded its partnership program, which now consists of over 50 companies, including Fireblocks and Flashpoint
Chainalysis has been an enabling force for the growth of the cryptocurrency industry for over six years. The company plans to hire hundreds of new positions across all functions in 2021 to continue its global expansion.