Chainalysis About Blockchain Solutions and Competitors

Chainalysis is a leading provider of blockchain analytics and compliance solutions. They offer a range of tools to help businesses navigate the complex world of cryptocurrencies.

Chainalysis' flagship product, the Chainalysis Reactor, is a powerful tool that helps businesses track and analyze cryptocurrency transactions. This tool is used by many top financial institutions and government agencies.

Chainalysis is often compared to other blockchain analytics companies, such as Elliptic and CipherTrace. However, Chainalysis has a unique focus on compliance and regulatory issues.

Chainalysis has pioneered blockchain intelligence and leads in innovation, revolutionizing the field with the introduction of Reactor, the world's first crypto investigation tool, in 2014.

Nine of the top ten crypto exchanges use Chainalysis, a testament to the company's expertise in blockchain intelligence.

Chainalysis simplifies complex blockchain transactions for faster results by expediting investigative workflows in demixing, seed phrase analysis, and cross-chain tracing.

The company's products have helped top exchanges decrease fraud by 60% and have detected 98% of known hacks before they occurred, highlighting the importance of prevention and security in blockchain intelligence.

Chainalysis training professionals have backgrounds in law enforcement, national security, regulation, tax, compliance, and data science, enabling them to confidently resolve and provide direction in solving even the most complex cases.

For another approach, see: Chainalysis Crypto Crime Report

Chainalysis has several competitors in the blockchain analytics space, including Elliptic and CipherTrace.

Elliptic is a UK-based company that provides similar services to Chainalysis, including transaction monitoring and risk management tools.

CipherTrace is a US-based company that specializes in cryptocurrency anti-money laundering (AML) and know-your-customer (KYC) solutions.

Chainalysis has also faced competition from open-source blockchain explorers like Etherscan and BlockCypher.

Chainalysis' proprietary data and technology set it apart from its competitors.

Chainalysis' services are used by over 400 customers worldwide, including banks, exchanges, and law enforcement agencies.

Chainalysis has a strong track record of innovation, with over 100 patents filed in the blockchain space.

Chainalysis has been actively expanding its presence through strategic investments and acquisitions. In January 2025, the company acquired Alterya, a company founded in 2022 and based in Tel Aviv, Israel.

Chainalysis has also made notable acquisitions in 2024, including HEXAGATE in December and Transpose in May 2023. Unfortunately, the exact founding year and location of HEXAGATE and Transpose are not specified in the available data.

Here's a summary of Chainalysis's recent acquisitions:

Chainalysis has secured funding from a number of top investors. The company has 42 institutional investors, including well-known names like Accel and Benchmark.

Chainalysis's investor list also includes Techstars, a prominent startup accelerator.

Chainalysis has been making strategic investments and acquisitions to expand its capabilities and reach.

In 2025, Chainalysis acquired Alterya, a company founded in 2022, based in Tel Aviv, Israel.

Chainalysis also acquired HEXAGATE in December 2024, but the exact location of the company is not specified.

Another notable acquisition is Transpose, acquired in May 2023, but the company's founding year and location are not available.

Chainalysis's recent funding rounds have been significant, with its latest Series F round in May 2022 raising $170M. This round was led by GIC and involved 7 investors.

Here are the details of Chainalysis's recent funding rounds:

Chainalysis was founded in 2014 by Michael Gronager, Jan Møller, and Jonathan Levin. They were initially tasked with investigating the hack of cryptocurrency exchange Mt. Gox.

The company's early work involved developing proprietary financial crime investigation software. This software monitors the public ledger of cryptocurrency transactions, providing a first full view of blockchain transactions.

Chainalysis partnered with crypto compliance company Notabene in March 2021. This partnership aimed to comply with the FATF's Travel Rule across jurisdictions.

This partnership was recognized as one of the top 10 most innovative joint ventures of 2022 by Fast Company.

Chainalysis offers an investigation software that scrapes the blockchain for fund movements, helping clients comply with regulations and identify illicit activity.

The company's know-your-transaction (KYT) kit flags cryptos used in crime or hacked, reducing regulatory risks for businesses.

Chainalysis has received funding from investors like Digital Currency Group and Benchmark Capital.

Their investigative software platform provides better compliance and enables financial institutions, law enforcement agencies, and businesses to identify illicit activity and bad actors related to cryptocurrency.

Chainalysis has secured a Series B round of $36 million via Japan's largest bank MUFG and venture firm Accel Partners.

The company now claims to cover "90% of all cryptocurrency activity" on its website.

Chainalysis monitors 10 currencies, representing 85 percent of the top 25 coins by trading volume, including bitcoin, ether, bitcoin cash, litecoin, paxos, TrueUSD, BNB, USDC, USDT, and GUSD.