Allium, a blockchain data and analytics platform focused on enterprises, raises $40 million in a Series B funding round. The company announces the round on June 23 and says the investment will be used to expand its blockchain data infrastructure for institutional and enterprise clients as financial activity shifts toward blockchain-based systems. Multiple outlets report that the funding supports efforts to “tame” and manage blockchain data for Wall Street use cases. The Block and Fortune also state that the company’s institutional customer base includes organizations such as Visa and the U.S. Federal Reserve. Fortune reports that Amplify Partners leads the Series B, with participation from investors including Kleiner Perkins and Theory Ventures. Other reporting emphasizes the broader market context, including the growth of stablecoins and on-chain payments volume, which the company frames as drivers of demand for reliable blockchain data infrastructure. The sources collectively describe the round as an expansion step for Allium’s platform aimed at serving institutional clients seeking blockchain analytics and data management capabilities.
Allium raises $40 million Series B to expand blockchain data infrastructure
Allium, a blockchain data and analytics platform focused on enterprises, raises $40 million in a Series B funding round. The company announces the round on June 23 and says the investment will be used...
- Allium raises $40 million in a Series B funding round announced June 23.
- The round is intended to expand Allium’s blockchain data infrastructure for institutional/enterprise clients.
- Amplify Partners leads the Series B, with participation from Kleiner Perkins and Theory Ventures.
- Allium’s reported institutional clients include Visa and the U.S. Federal Reserve.
- The company links the funding to growing blockchain usage, including stablecoin and on-chain payments activity.
Enterprise-focused blockchain data platform Allium has raised $40 million in new funding. The company announced its Series B round Tuesday (June 23), noting that it comes at a time when global finance is rapidly moving to blockchain rails, with $302 billion in stablecoins, $394 billion in on-chain payments volume last year, and $27.6 billion […] The post Allium Raises $40 Million to Help Enterprises Embrace the Blockchain appeared first on PYMNTS.com.
2 months agoAllium raised a $40 million Series B to expand blockchain data infrastructure for institutional clients, including Visa and the Fed.
2 months agoAmplify Partners led the Series B fundraise, which included participation from Kleiner Perkins and Theory Ventures.
2 months ago
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