Blockchain sleuth Chainalysis is now valued at $4.2 billion after raking in $100 million during its Series E funding round that was spearheaded by tech-focused investment manager Coatue.
The freshly injected capital will be used for covering a wider range of cryptocurrencies, including decentralized finance (DeFi) tokens.
Chainalysis says that it will develop new software solutions for both public and private sector organizations.
In March, the company raised $100 million in Series D financing, which propelled its valuation to $2 billion.
Last November, Chainalysis became a unicorn following its Series C round.
Paul HackleyThe sleuthing firm provides data insights to government agencies, crypto businesses, and institutional investors to let them detect and investigate transactions.
The latest funding round comes after ransomware attacks became a danger to national security in the U.S.
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