HomeBlockchainTheory Ventures leads $16.5M funding round for Allium, an enterprise blockchain data...

Theory Ventures leads $16.5M funding round for Allium, an enterprise blockchain data platform

-


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.

LATEST POSTS

Metallicus and BankSocial Utilize Blockchain Technology to Transform the Banking Industry

Revolutionizing the Banking Sector: Metallicus and BankSocial Harnessing Blockchain Technology In a time when the cryptocurrency market is abuzz with news of the SEC's approval...

Donald Trump Holds Millions in Crypto, But Refrains from Investing in Risky Altcoins Using His Own Funds

Donald Trump's Lucrative Crypto Investments: A Closer Look at His Portfolio Former President Donald Trump has made headlines once again, this time for his lucrative...

Binance CEO urges for the release of detained colleague in Nigeria

Binance CEO Calls for Release of Detained Compliance Officer in Nigeria Binance CEO Richard Teng Calls for Release of Detained Compliance Officer in Nigeria Binance CEO...

New EU Regulation Poses Threat to Bitcoin Privacy

European Parliament Adopts Revised Anti-Money Laundering Regulation: Implications and Key Issues The European Parliament's recent adoption of the revised Anti-Money Laundering Regulation has sparked controversy...

Most Popular