#Chainalysis Acquires AI Security Company#

Blockchain analytics firm 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 leverages agents to detect and prevent fraud targeting financial institutions, fintechs, and crypto service providers. Alterya has raised $9.8 million in seed funding from Battery Ventures, Y Combinator, NFX, and Nyca, and counts Coinbase, Square, and Binance among its clients. The acquisition demonstrates Chainalysis’s commitment to investing in AI technology to enhance its anti-money laundering and anti-fraud capabilities and further solidify its leadership position in the blockchain analytics space. By integrating Alterya’s AI agent security technology, Chainalysis will be able to more effectively identify and prevent fraud in the crypto space, providing its customers with more comprehensive security protection.