Chainalysis, a blockchain-focused analytic firm, has raised $100 million in a Series D fundraising round led by Paradigm, with participation from TIME Ventures, Addition and Ribbit. The company is now valued over $2 billion.
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According to an announcement, the company plans to expand its product portfolio to provide new data solutions.
"Powering the regulatory infrastructure of the industry is the heart of our business and our team works everyday to protect the ecosystem," said Michael Gronager Co-Founder & CEO of Chainalysis.
Last November, Chainalysis raised $100 million at over $1 billion valuation in a Series C round led by Accel, Benchmark, and Ribbit. Back then, the blockchain-focused firm said it would further enhance its products to analyze emerging protocols of decentralized finance (DeFi) markets and new blockchain networks.
Chainalysis is known as one of the crypto-related players tightly coordinated with watchdogs to track illicit activity on various blockchain networks.
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