Allium Secures $40M for Institutional-Grade Blockchain Data Solutions

Allium, a blockchain data firm based in New York, has secured $40 million in funding from a Series B round led by Amplify Partners. The investment also included participation from Kleiner Perkins and Theory Ventures. This brings Allium's total funding to approximately $61.5 million.

The company specializes in processing and standardizing onchain data from over 150 blockchains, making it queryable for financial institutions, developers, and analytics platforms. Its clients include major players like Visa, Stripe, Coinbase, and the U.S. Federal Reserve.

This new funding round reflects the growing interest in institutional-grade blockchain solutions. Allium's ability to operate across multiple networks simultaneously positions it as a key player in this space. In contrast to other companies that have faced challenges, such as Dune Analytics and Messari, Allium aims to capitalize on the demand for enterprise-grade onchain analytics tools.