CHAINALYSIS, the blockchain data platform, has announced a $170 million Series F financing led by GIC, Singapore's sovereign wealth fund, bringing its valuation to $8.6 billion.

Previous investors - Accel, Blackstone, Dragoneer, and FundersClub - increased their stake in the company, and the Bank of New York Mellon and Emergence Capital also participated.

Chainalysis is now the largest enterprise SaaS company in the cryptocurrency industry, and says it will use the funds to continue to invest in product innovation and scale its global operations to meet customer demand as the asset class gains mainstream acceptance.

(c) 2022 City A.M., source Newspaper