Blockchain data analytics firm elementus_io has more than tripled its valuation from just over a year ago despite the crypto winter. BrandyBetz reports
. The capital from the ParaFi Capital-led round will go toward hiring and new product development.
"Last year has thrown into the limelight the tremendous importance of comprehension, auditability and transparency of blockchains," said Elementus CEO Max Galka in the press release."As the broader crypto industry seeks to emerge from a tough year, it will be critical to do so in a way that foments trust, reliability and security among both users and businesses operating in this still-nascent market.
Elementus creates blockchain compliance and data analytics solutions tailored toward government agencies, financial institutions, researchers and investors. The company helps organizations investigate suspicious on-chain activity, identify risks and discover market intelligence.
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