Allium secures Series A financing led by Kleiner Perkins to expand its innovative blockchain data platform, addressing the growing demand for efficient data solutions in the rapidly evolving cryptocurrency industry.

Information on the Target

Allium has successfully completed its Series A financing, led by Kleiner Perkins, who also participated in the company's Seed round in 2022. Since its inception, Allium has developed a leading blockchain data platform that has garnered trust from notable customers including Visa, Stripe, Brevan Howard Digital, and Phantom. By May 2024, the blockchain industry has seen exponential growth, with approximately $145 billion held in the prominent stablecoins Circle (USDC) and Tether (USDT), a significant increase from $500 million at the end of 2019.

The robust growth of the blockchain sector has driven an increase in data volume and diverse applications of this data, spanning analytics, investment research, anti-money laundering efforts, payments, non-fungible tokens (NFTs), and more. Although designing blockchains to write data is straightforward, efficiently reading and interpreting this data presents significant challenges, which Allium aims to address.

Industry Overview in the Target’s Specific Country

The blockchain and cryptocurrency industry has experienced incredible growth globally, with particular attention in the United States, which remains a leader in blockchain innovation and adoption. The demand for blockchain solutions has surged as businesses recog