#Chainalysis Acquires AI Security Company#

Blockchain data analytics company Chainalysis has acquired AI-powered fraud prevention startup Alterya for an estimated $150 million. Alterya, a Y Combinator-backed company, has developed AI technology that uses agents to detect and prevent fraud targeting financial institutions, fintechs, and crypto service providers. Alterya had previously raised $9.8 million in seed funding from Battery Ventures, Y Combinator, NFX, and Nyca, and its clients include Coinbase, Square, and Binance. The acquisition signals Chainalysis’s aggressive investment in AI technology to bolster its competitiveness in blockchain security. By integrating Alterya’s technology, Chainalysis will be able to more effectively identify and thwart fraud, offering stronger security assurances to its clients.