Blockchain Analytics Company Triples Valuation Despite Bear Market

Blockchain analytics company Elementus has tripled its value despite tough crypto market conditions in 2022.

According to a press release by Elementus, in the previous round of funding 52 million dollars with valuation 12 million dollars company that can collect despite carried out A Series in the funding round 160 million dollar with valuation 10 million dollars collected. Despite the crypto winter, at the valuation point this increase in received positively by investors.

Statement by the company ParaFi capital It was stated that the capital from the financing round led by the company will be used for recruitment and new product development. Elementus CEO Max Galka In his press release on the subject, he made the following statements:

Last year, he highlighted the importance of comprehensibility, auditability and transparency of blockchains. This new strategic investment by ParaFi enables us to continue to build the world’s most advanced industrial-grade blockchain data solutions that will help bring trust and transparency to blockchain-based businesses.

Within the scope of Elementus projects, in many areas data analytics solution services exists. Among them government agencies, financial institutions And blockchain compatibility for investors solutions is located. The company helps organizations investigate suspicious activity on the chain, identify risks and discover market intelligence.

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