Private-Sector

Chainalysis Raises $170 Million at $8.6 Billion Valuation in Series F

| Importance: 8/10

Chainalysis announces a $170 million Series F financing led by GIC, Singapore’s sovereign wealth fund, bringing its valuation to $8.6 billion and cementing the company’s position as the largest enterprise SaaS company in the cryptocurrency industry. The funding round represents another …

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Chainalysis Raises $100 Million at $4.2 Billion Valuation in Series E

| Importance: 8/10

Chainalysis announces a $100 million Series E financing led by Coatue, bringing its valuation to $4.2 billion and establishing the company as the dominant player in the cryptocurrency surveillance industry. The funding round comes just three months after a $100 million Series D round in March 2021 …

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TRM Labs Founded to Provide Blockchain Intelligence to Governments and Financial Institutions

| Importance: 7/10

Esteban Castano and Rahul Raina found TRM Labs in San Francisco, creating a blockchain intelligence platform designed to help government agencies, financial institutions, and cryptocurrency businesses detect and investigate crypto-related fraud and financial crime. The company enters a rapidly …

TRM Labs Esteban Castano Rahul Raina surveillance cryptocurrency private-sector financial-crime
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Chainalysis Founded to Provide Blockchain Forensics to Governments and Banks

| Importance: 8/10

Michael Gronager, Jonathan Levin, and Jan Møller found Chainalysis in late 2014, creating the first startup dedicated to Bitcoin tracing for government agencies and financial institutions. The company emerges from Gronager’s work investigating the Mt. Gox cryptocurrency exchange collapse, …

Chainalysis Michael Gronager Jonathan Levin Jan Møller surveillance cryptocurrency private-sector financial-crime
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Elliptic Founded as First Cryptocurrency Anti-Money Laundering Firm

| Importance: 7/10

Elliptic is founded in London by Adam Joyce, Tom Robinson, and James Smith, becoming the first company to develop cryptoasset anti-money laundering and sanctions compliance tools based on blockchain analytics. The company pioneers the application of blockchain forensics to track illicit …

Elliptic Adam Joyce Tom Robinson James Smith surveillance cryptocurrency private-sector financial-crime
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