#Chainalysis Acquires AI Company#
Hot Topic Overview
Overview
Blockchain analytics firm Chainalysis has acquired AI-powered fraud prevention startup Alterya for an estimated $150 million. Alterya, a Y Combinator-backed company, focuses on using AI to detect and prevent fraud targeting financial institutions, fintech, and crypto service providers. The company has raised $9.8 million in seed funding from notable investors and counts Coinbase, Square, and Binance among its clients. The acquisition will further bolster Chainalysis' strengths in anti-fraud and security and provide it with more advanced AI technology.
Ace Hot Topic Analysis
Analysis
Blockchain analytics firm Chainalysis has acquired AI-powered fraud prevention startup Alterya for an estimated $150 million. Alterya, a Y Combinator-backed company, focuses on leveraging AI to detect and prevent fraud targeting financial institutions, fintechs, and crypto service providers. The company had raised $9.8 million in seed funding from Battery Ventures, Y Combinator, NFX, and Nyca, and counted Coinbase, Square, and Binance among its clients. The acquisition signals Chainalysis's commitment to investing in AI technologies to bolster its AML and anti-fraud capabilities, further solidifying its position as a leader in the blockchain analytics space. By integrating Alterya's technology, Chainalysis will be able to more effectively identify and stop fraud within the cryptocurrency space, providing its clients with more comprehensive security protection.
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Public Sentiment
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Classic Views
Chainalysis acquires AI-powered fraud detection startup Alterya in a deal worth around $150 million.
Alterya has developed AI technology that uses agents to detect and prevent fraud against financial institutions, fintechs, and crypto service providers.
Alterya has raised $9.8 million in seed funding from Battery Ventures, Y Combinator, NFX, and Nyca.
Alterya's clients include Coinbase, Square, and Binance.