Chainalysis News
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growth-positive
US co Chainalysis buys Israeli fraud detection co Alterya
Chainalysis, a US-based blockchain analytics company, has announced its acquisition of Tel Aviv-based startup Alterya for $160 million. This marks Chainalysiss second acquisition in Israel, following its purchase of Hexagate. Alterya, founded in 2022, specializes in preventing authorized-push-payment fraud, particularly in cryptocurrency and real-time payment networks. The company has rapidly grown, serving major financial institutions like Coinbase, Square, and Binance. Alteryas solutions integrate AI and cybersecurity for real-time scam prevention. Chainalysis aims to enhance its fraud protection capabilities through this acquisition, aligning with its mission to build trust in blockchains. Alterya will continue to operate independently as an R&D center in Israel.
Acquisition
growth-positive
Chainalysis acquires Israeli blockchain security startup Hexagate in $60M deal | CTech
Chainalysis, a blockchain analytics company, has acquired Hexagate, an Israeli developer of security solutions for Web 3.0 and blockchain, marking its first acquisition in Israel. The deal is estimated to be worth around $60 million. Hexagate, founded in 2022, has raised $8.6 million in a Seed funding round and employs 20 people in Israel. The company has developed a platform that detects early signs of theft in blockchain networks using machine learning. Hexagates clients include Coinbase, Polygon, and Consensys. The acquisition will allow Hexagate to accelerate its mission of preventing blockchain-based theft globally, leveraging Chainalysis extensive client portfolio and partnerships.
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