Blockchain firm Chainalysis has raised $100 million in investment, reaching a valuation of $4.2 billion. The firm announced today that the Series E round is led by Coatue. Chainalysis also raised $100 million in Series D, which was announced in March.
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The newly injected capital will be used to cover a wider range of cryptocurrencies, including decentralized finance (DeFi) tokens. Chainalysis says it will develop new software solutions for both public and private sector organizations. Last November, Chainalysis became a unicorn after its Series C tour.
The firm provides data to government agencies, cryptocurrency businesses and institutional investors to enable them to detect and investigate transactions. The latest funding round comes after ransomware attacks became a national security threat in the US.