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Chainalysis
Pre-IPOOTC.CHLSCurrent

Chainalysis

Blockchain

Company website ↗
Foundation year: 2014
Market capitalization
$8.60B
Investment volume
$536.60M

About

Chainalysis provides blockchain intelligence and risk management tools for companies and governments.

Their main product is a comprehensive blockchain analysis platform designed to ensure transparency and compliance in cryptocurrency transactions.

Initially, Chainalysis found its market niche by offering tools to law enforcement for investigating crypto-related crimes.

Since then, the company has broadened its focus to meet the compliance needs of the private sector, especially cryptocurrency exchanges and financial institutions entering the market.

Chainalysis primarily serves two markets: government agencies conducting investigations and private sector businesses managing compliance risks.

At the core of their service is a database of blockchain transaction data, collected and analyzed since 2013. This data enables them to link real-world entities to specific blockchain addresses and transaction patterns and trace the flow of funds across multiple cryptocurrencies, including Bitcoin, Ethereum, and various stablecoins.

Headquarters

New York, NY

Team

CEO - Michael Gronager

Financial information

Revenue 2023 - $190.00M

Main competitors

- Elliptic, founded in 2013, is Chainalysis's closest rival. Both companies offer similar core products for cryptocurrency transaction monitoring, investigation, and compliance. 

- CipherTrace, acquired by Mastercard in 2021, focuses more heavily on anti-money laundering (AML) and fraud detection within the crypto space.

Investors

Accel,
Addition,
Benchmark,
Coatue,
GIC,
Paradigm,
Ribbit,