Hexagate

growth-positive

Chainalysis, a blockchain analytics company, has acquired Israeli firm Alterya, marking its second acquisition in Israel following the purchase of Hexagate. Alterya specializes in preventing authorized-push-payment fraud, focusing on cryptocurrency and real-time payment networks. The acquisition, estimated at $150 million, will allow Alterya to operate as an independent product line and R&D center. Alteryas technology integrates cybersecurity and AI for large-scale scam prevention, serving major financial institutions like Coinbase, Square, and Binance. The acquisition aligns with Chainalysiss strategy to expand its product line and strengthen its capabilities in fraud prevention. The acquisition is part of Chainalysiss broader plan to tap into Israels talent pool and build a development center. The changing regulatory landscape, particularly under a potential future Trump administration, is seen as favorable for the crypto industry.

growth-positive

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 around $60 million, although the exact value was not disclosed. Hexagate, founded in 2022, specializes in blockchain security and has raised $8.6 million in a Seed funding round. The company employs 20 people in Israel and serves major clients like Coinbase and Polygon. The acquisition will allow Hexagate to leverage Chainalysis extensive client portfolio and partnerships to accelerate its mission of preventing blockchain-based theft globally. Hexagates founders, Yaniv Nissenboim and Niv Yehezkel, bring significant cybersecurity expertise, having previously worked in notable companies and military units.