Allium Inc. Raises $16.5 Million in Funding to Scale Blockchain Data Delivery Platform
Allium Inc., a blockchain data delivery platform for the enterprise, has secured $16.5 million in early-stage funding led by Theory Ventures. This funding will be used to scale out its infrastructure and provide more financial institutions with the opportunity to embrace digital assets.
With existing investors Kleiner Perkins and Amplify Partners also participating in the Series A funding round, the total amount raised by Allium Inc. now stands at $21.5 million, following the company’s seed round in 2022.
Allium’s platform offers enterprise-grade data solutions for financial institutions and companies, allowing for easy analysis and interaction with data for various applications and reporting purposes. The company’s goal is to drive trust and transparency in blockchain technology, helping individuals and organizations understand and build with confidence.
The company provides blockchain data to its customers through two different application programming interfaces: the Allium Explorer and Allium Developer. The Explorer interface offers query and visualization for data discovery, investment research, financial accounting, and auditing, while the Developer interface provides real-time ingestion tools for high-performance applications.
Allium works with notable financial tech customers such as Visa Inc. and Stripe Inc., as well as blockchain companies like Uniswap Labs and Phantom. The recent partnership with Visa to provide data for the Visa Onchain Analytics Dashboard demonstrates Allium’s commitment to enhancing the understanding and utilization of stablecoins and other digital assets.
With the new funding, Allium plans to invest further in its data infrastructure to enhance customer experience. The company also aims to build launchpads for financial firms, including payment providers and brokerages, looking to engage with digital currencies, virtual assets, and tokens.
Overall, Allium Inc.’s successful funding round and strategic partnerships position the company as a key player in the blockchain data delivery space, driving innovation and adoption of digital assets in the financial industry.
