Allium, a New York-based blockchain data analytics company, has announced the closing of a $40 million Series B funding round, led by Amplify Partners with participation from Kleiner Perkins and Theory Ventures. The news was first reported by Fortune. Allium focuses on transforming raw blockchain data into clean, structured, and actionable insights for large institutional clients.
The company's client roster includes prominent names such as Visa, the Federal Reserve, Coinbase, and a16z's crypto division. By providing a data processing engine that standardizes and normalizes on-chain transaction records and smart contract interactions, Allium enables financial institutions, regulators, and crypto enterprises to efficiently query and analyze blockchain data through dashboards and APIs.
The latest funding round reflects growing investor interest in blockchain data infrastructure. Amplify Partners, a venture capital firm known for its focus on enterprise software, led the investment. The participation of veteran investors Kleiner Perkins and Theory Ventures underscores the long-term potential they see in the blockchain data analytics segment. Allium plans to use the new capital to scale its engineering team, expand its data coverage across multiple blockchains, and deepen partnerships with existing institutional customers.