Chainalysis valued at £3.6 billion after series E funding


The blockchain analytics and intelligence firm, Chainalysis, has raised $100 million (£72m) after its fifth round of funding, bringing its total valuation to $4.2 billion (£3.6bn).

Funding was led by investment management company Coatue, with further funds being provided by Benchmark, Accel, Addition, Dragoneer, Sequoia Heritage and SVB Capital.

This latest round of funding follows on from a successful series D round back in March 2021 in which Chainalysis raised $100m...

Blockchain in healthcare: The applications which are potentially ‘transformational’

Feature From South Korea to the US, governments this year have been trying to develop blockchain-based technologies to track citizens’ vaccination status whilst maintaining a respect for individual privacy. Aside from the controversies of this topic, the situation has thrust blockchain’s potential in the healthcare industry into the limelight moreso than ever before, at a time when the industry faces an increasing number of challenges.

With developed countries spending an...

IDC estimates $19 billion global spending on blockchain solutions in 2024

A new update to the International Data Corporation’s (IDC) Worldwide Blockchain Spending Guide forecasts global blockchain spending will hit just under $19 billion (£13.5bn) by 2024.

This is compared to an estimated $6.6bn (£4.7bn) in 2021, at a five year compound annual growth rate (CAGR) of 48.0%.

The guide found that banking leads the way in blockchain spending, accounting for nearly 30% of the worldwide total in 2021. It is set to remain the top industry for...

Russia opens up blockchain database with launch of English language version

The Department of Information Technologies of Moscow has made an English language version of Russia’s blockchain knowledge base available on the ICT.Moscow portal.

Aimed at analysts, smart city experts, and developers of blockchain projects, the database currently presents 52 use cases of blockchain in various industries with the fintech and public sector categories featuring the largest number of applications – 16 and 13 respectively.

New use cases will be added...

Chainalysis valued at more than $2 billion after series D funding and Bluestone Analytics partnership

Chainalysis continues to cement itself in the top realm of global blockchain analysis providers after a fourth round of funding led by Paradigm secured $100 million (£72m).

The company, now valued at over $2 billion (£1.45bn), also received increased investments from previous investors Ribbit and Addition, as well as Marc Benioff’s investment fund, TIME Ventures.

Chainalysis is used by government agencies to investigate crypto-based crime and leading digital...

Assessing the rise of DeFi – and how data will drive fintech in 2021

2020 saw a notable increase in the need for and availability of fintech solutions across various industries, such as personal banking, transportation, and food service, with many apps already utilising data aggregation techniques to make one-touch purchases and payment options the new standard. Companies like Uber and Amazon use frictionless data aggregation to curate a unique user experience while realising new revenue opportunities.

The success of these and similar applications...

SettleMint looks to blockchain self-sovereign identity with IdentiMint

A core tenet of blockchain technologies is trust - but not just from a standpoint of having records on an immutable ledger. The concept of blockchain for digital identity - enabling 'more secure management and storage of digital identities by providing unified, interoperable, and tamper-proof infrastructure with key benefits to enterprises, users, and IoT management systems', as ConsenSys puts it - is increasingly key.

One essential part of this, from the user side, is...

Galya Westler, Plazus Technologies: On the importance of users owning, controlling, and monetising on their data

The benefits of social media as a tool for online communication – real-time discussion, becoming a new portal for breaking news – are evident. But what have the ramifications been?

From the technical side, the old adage ‘too many cooks spoil the broth’ comes to mind. Plazus, a startup based in Vancouver, proffers that today’s social media platforms ‘are not equipped to manage large groups in an efficient and effective manner’, and that decentralisation is the way...

Google combines big data and search algorithms to crawl blockchains

Google, to a certain extent, has been behind other tech organisations in terms of managing and creating blockchains. This is because till date, the search engine giant was more about big data and search algorithms. But now it has combined the two to make blockchains searchable via its new suite of software tools to search the data.

For Allen Day -- who works as a senior developer advocate for Google Cloud – customers demand before products even exist, and he believes that the...

60% of pharma companies are experimenting with blockchain, claims study

Six out of 10 pharma companies are now using or experimenting with blockchain technologies, according to a new study by the not-for-profit Pistoia Alliance. The survey of 170 life science and pharmaceutical professionals found that 60% have active interests in the technology, as compared to just 22% when asked in 2017. However, that left 40% of respondents claiming to not be currently exploring or planning to implement any such technology. For those that were, industry-specific...