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Chainalysis Reaches $8.6 Billion Valuation Following Investment Round

Chainalysis Reaches $8.6 Billion Valuation Following Investment Round

Analytical company Chainalysis has raised $170 million in a Series F financing round from the Sovereign Fund of Singapore and other investors, The Information reports.

In June 2021, following the results of the previous investment round, the valuation was $4.2 billion, in March of the same year, the startup was valued at a little over $2 billion.

In 2020, the company opened offices in Singapore and Tokyo to increase its presence in APAC. Today, Chainalysis serves the interests of various departments, exchanges, financial institutions and cybersecurity companies in more than 70 countries.

In April this year, the company launched two new tools to identify sanctioned crypto wallets.

In February, BNY Mellon and Chainalysis agreed to use the startup’s crypto-related compliance products as part of its risk management program.

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