Chainalysis was founded in 2014 by Michael Gronager, Jonathan Levin, and Jan Moller. The company has been growing rapidly, with CEO Gronager telling CNBC that "what has changed over the last four months is the opportunity and the speed by which we will grow into more customers and more revenue has simply gone up," and that "we need to do a lot more building now." These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Chainalysis describes its mission as "to build trust in blockchains to promote more financial freedom with less risk." The company provides tools that allow governments to prevent the use of cryptocurrency in money laundering and cyber crime. Chainalysis has seen significant growth in the last few years, raising $100 million in a recent round of funding and doubling their value in the space of 4 months. In 2021 the company acquired Excygent, a cybercrime investigation and analysis firm. Chainalysis has received more than $360 million in funding from investors including 9 Yards Capital, GIC, Dragoneer Investment Group, and SVB Capital. The company has a post-money valuation of $2 billion.