Chainalysis

Chainalysis offers compliance and investigation software to analyze public blockchain ledgers, primarily to track virtual currencies. The company offers a wide array of products, including on-chain user insights for growth teams, enabling businesses to develop impactful churn-prevention strategies and identify major growth opportunities​​. Chainalysis also provides tools for investigations, risk and compliance, decentralized finance (DeFi), and non-fungible tokens (NFTs)​. Other key offerings include Reactor, a tool to connect cryptocurrency transactions to real-world entities, Know Your Transaction (KYT) for transaction monitoring and AML/CFT compliance, and Address Screening to prevent high-risk users from connecting to a platform. It also provides Business Data for customer intelligence in crypto businesses and Storyline, the first blockchain analysis tool designed for Web3​​.

Key customers and partnerships

The company had over 30 partnerships as of June 2023, each with varying objectives such as training, resale, and technology partnerships for using Chainalysis in additional use cases.

Chainalysis partnered with StoneTurn, a global advisory firm, in May 2023 to enhance StoneTurn’s Cryptocurrency Investigations and Intelligence offering. StoneTurn uses Chainalysis' investigative software, Reactor, and the accompanying database in its financial crimes investigations and intelligence services. This partnership seeks to investigate concerns of fraud, misappropriation, or misconduct, helping companies, investors, and counsels identify, assess, remediate, and resolve these matters. As a Chainalysis investigative partner, StoneTurn assists in the analysis and recovery of cryptocurrency lost to theft or fraud through targeted on-chain investigations​​. In March 2024, the company partnered with Sumsub, a verification solutions provider, to integrate the latter’s crypto transaction monitoring and travel rule solutions with its platform. The partnership provides users with a unified workflow for crypto operations and automated transaction monitoring services.

Funding and financials

The company raised USD 170 million in Series F funding in May 2022 at a USD 8.6 billion valuation. The funding round was led by GIC, Singapore’s sovereign wealth fund, and included participation from previous investors such as Accel, Blackstone, and Dragoneer. The proceeds were used for the development of its technology stack, expansion of operations, and hiring.