New York-based crypto analytics startup Allium raised a $40M Series B led by Amplify Partners, with participation from Kleiner Perkins and others
Blockchains are public databases, but that doesn't mean they're legible. Even experts struggle to read their complicated strings of letters, numbers, and transactions.
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Allium Lands $40M to Make Blockchain Data Actually Readable
Crypto analytics startup Allium closes Series B led by Amplify Partners to decode the mess that is on-chain data.
Blockchains are technically public databases. In practice, they're nearly unreadable — even for experts. New York-based Allium wants to fix that, and it just grabbed $40M to do it.
The Series B round was led by Amplify Partners, with Kleiner Perkins among the other participants. Allium builds analytics tools that translate the tangled strings of letters, numbers, and transaction records living on blockchains into something humans can actually work with.
It's a real problem. On-chain data is open but opaque. Complicated transaction structures make raw blockchain data practically useless without a serious interpretation layer. Allium positions itself as that layer.
With two major VC names backing the round, the bet is clear: as crypto matures, the infrastructure to understand what's actually happening on-chain becomes critical. Allium is staking its claim early.