Finance

Chainalysis doubles valuation to $2 billion with Benioff backing

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Marc Benioff, Co-CEO of SalesForce speaking at the WEF in Davos, Switzerland on Jan. 22, 2019.

Adam Galica | CNBC

Chainalysis, a start-up that sells blockchain data analytics tools, announced Friday that it’s raised $100 million in an investment round valuing the company at $2 billion.

That’s double what Chainalysis was worth just four months ago. The round was led by crypto-focused venture capital firm Paradigm, with additional backing from Salesforce CEO Marc Benioff, who invested through his investment fund Time Ventures. Existing shareholders Addition and Ribbit increased their holdings, Chainalysis said.

Unlike some in Silicon Valley, Benioff hasn’t been that vocal about bitcoin….



Source cnbc.com

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