Today, Chainalysis is announcing that it has partnered with Hercules Capital, Inc. (NYSE: HTGC) for growth financing that will support the company’s continued innovation in leveraging AI to expand its proprietary crypto data advantage. The funding comes on the heels of Chainalysis acquiring three different businesses over the last eight months, and more broadly at a time when regulatory frameworks are evolving globally, and the adoption of cryptocurrencies and blockchain technology continues to explode.
“For those in crypto, the inevitable feels like it is finally happening, with crypto adoption and regulatory progress happening at a pace that hasn’t yet been seen. This market expansion and our own AI development presents a massive opportunity for Chainalysis, and this non-dilutive financing from Hercules Capital provides us with the resources to continue taking big swings for our customers and their missions,” said Jonathan Levin, Cofounder and CEO of Chainalysis.
“Chainalysis has built its reputation as an essential blockchain data platform, with solutions that have helped solve high-profile criminal cases and enabled safer cryptocurrency adoption around the world,” said Ruslan Sergeyev, Managing Director at Hercules Capital. “We are excited to partner with a leader in protecting critical financial infrastructure, building trust in blockchains.”
The financing enables Chainalysis to continue its investment in AI technologies, grow its data advantage, expand into new markets, and to explore additional use cases for blockchain analytics while maintaining focus on its core mission of building trust in digital asset ecosystems.