Quotidien Finance, Corporate Finance, Crypto Finance, ICO, STO, Blockchain Daily News


Blockchain startup Chainalysis raises $16M in Series A round

New York-based blockchain startup Chainalysis has announced that it has raised $16 million in Series A funding round led by Benchmark.

The latest funding round follows a seed round in 2016 in which the startup secured $1.6 million, bringing the total funding till date to $17.6 million. Sarah Tavel, a general partner at Benchmark, will be joining Chainalysis’ board.

Alongside the series A round, Chainalysis announced a new product – Chainalysis KYT (Know Your Transaction).

“Chainalysis KYT provides real-time feedback on the underlying purpose of transactions and feeds that feedback into exchanges’ transaction processing engines. Compliance personnel use our dashboard to generate alerts on risky customers and export suspicious activity reports,” Chainalysis said.

The company said that it rolled out KYT to a small group of early customers, adding that “they have already seen a 20x improvement in the speed of account reviews.”

Furthermore, Chainalysis revealed plans to introduce multi-currency support this year. It is launching Bitcoin Cash as part of its investigation software Reactor and plans to expand to at least 10 cryptocurrencies by the end of 2018.

“Both Reactor and Chainalysis KYT will feature all the cryptocurrencies that we support this year,” it added.

Founded in 2014, Chainalysis offers tools to analyse bitcoin transactions on the blockchain. Its software detects suspicious activity in real-time and provides investigation tools for law enforcement to tackle cybercrime.

Les médias du groupe Finyear

Lisez gratuitement :

Le quotidien Finyear
- Sa newsletter quotidienne :
Recevez chaque matin par mail la newsletter Finyear, une sélection quotidienne des meilleures infos et expertises en Finance innovation & Digital transformation.
- Sa lettre mensuelle Le Trésorier

Le quotidien Blockchain Daily News
Sa newsletter quotidienne :
Recevez chaque matin par mail la newsletter Blockchain daily News, une sélection quotidienne des meilleures infos et expertises en Blockchain révolution.

Thursday, April 12th 2018
Rate it

New comment:

Your email address will not be published. Required fields are marked *
Votre adresse de messagerie ne sera pas publiée. Les champs obligatoires sont indiqués avec *

Finyear: latest news, derniers articles

Free Daily Newsletter / Newsletter quotidienne gratuite


Finyear - Daily News