Exclusive: Crypto analytics startup Allium raises $40 million to tame blockchain data for Wall Street

Allium, a crypto analytics startup, has secured $40 million in Series B funding led by Amplify Partners, with notable participation from Kleiner Perkins and Theory Ventures. This hefty investment underscores the growing interest in leveraging blockchain data to provide insights for Wall Street. The influx of capital aims to help Allium refine and manage the vast amounts of data generated by the cryptocurrency market, potentially paving the way for more sophisticated financial instruments and strategies. This move highlights the increasing intersection between traditional finance and blockchain technology, signaling a significant shift in how financial data is analyzed and utilized.