Blockchain analytics firm Elliptic completes $120 million Series D funding round

Techub News reports that, according to CoinPost, blockchain analysis company Elliptic has announced the completion of a $120 million (approximately 18.8 billion yen) Series D funding round, at a valuation of $670 million (approximately 105 billion yen). This funding round was led by One Peak, with participation from Nasdaq Ventures, Deutsche Bank, and British Business Bank.

Founded in 2013, Elliptic focuses on blockchain analysis and compliance services. It currently supports over 65 blockchains, screens more than 1 billion transactions per week, and serves over 700 enterprises across 30 countries. This funding will be used to strengthen its AI-native compliance infrastructure to meet the risk management needs of traditional financial institutions entering the on-chain market.