Blockchain forensics startup Chainalysis raises $100 million at $2 billion valuation

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By Anna Irrera
LONDON (Reuters) - New York-based Chainalysis, a startup that allows companies and government agencies to analyse and investigate blockchain transactions, said on Friday it had raised $100 million from investors at a valuation of more than $2 billion.
The round was led by investment firm Paradigm, with participation from existing backers Addition, Ribbit and TIME Ventures, Chainalysis said.
The cash injection will be used to provide enterprise data solutions to cryptocurrency businesses, financial services companies and government agencies, the company said.
"We'll continue to invest in investigations and compliance software, but we'll also build out new data products both for our existing customer base and new audiences," said Michael Gronager, the firm's co-founder and chief executive.
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