The US based Chainalysis series B round was supported by existing investor Benchmark. Chainalysis said it will use the proceeds from the round to open a hub for its research and development (R&D) teams in London, growing its skilled engineer pool by using local talent in the city.

The London office will also act as a regional base for the company in Europe, which works with regulators and major financial institutions such as Barclays to fight cryptocurrency money laundering, fraud and compliance violations.

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