As blockchain and crypto adoption grows, blockchain data analytics has also come to the fore with investors, businesses and governments increasingly using the information to guide investment strategies, manage risk, conduct cybersecurity investigations and comply with anti-money laundering and counter-financing of terrorism (AML/CFT) regulations.
Anticipating an even greater demand for blockchain and crypto data analytics in the future, venture capitalists are pouring money into companies providing these services. San Francisco-based TRM Labs closed a US$14 million Series A funding round earlier this month, and just last week, Chainalysis raised an eye-watering US$100 million through a Series E funding round for a US$4.2 billion valuation.
