Chainalysis now valued at more than $2 billion following $100 million funding round

Blockchain analytics firm Chainalysis announced Friday that it secured $100 million in Series D funding, tipping the company’s valuation above $2 billion. 

Paradigm, a crypto investment company, led the new round of funding. Addition and Ribbit Capital, investors from Chainalysis’ Series C and B rounds, respectively, also participated alongside Marc Benioff, who invested by way of his firm TIME Ventures.

Chainalysis provides data analytics services for blockchain networks, offering tools to both corporations as well as various agencies across the United States. The firm has played a role in a number of prominent investigations, including one that led to a significant seizure of bitcoin funds tied to the now-defunct Silk Road dark marketplace. The firm launched a tool focused on managing seized funds by law enforcement in November.