Coinalytics Raises $1.1 Mil from The Hive Labs

Coinalytics has raised the recent round of investment through The Hive. The Hive is a Palo Alto based tech incubator and investment firm. It is focused on technologies related to deep learning, blockchain, video/imaging and augmented reality. The services offered by Coinalytics is in line with The Hive’s focus areas related to technology as well as the industry sectors of its interest.

Among the services offered by Coinalytics, the company makes real time tracking of activities over the bitcoin blockchain possible. This is a valuable tool for companies and financial institutions to conduct risk assessment of accounts in questions and also ensure compliance to regulations. The application of Coinalytics’ services in fintech sector is invaluable. Incidentally fintech features among the list of industries which The Hive is active in. The list includes Internet of Things, adtech, commerce services, financial services and enterprise solutions.

With the recent funding of $1.1 million, total funding raised by Coinalytics now stands at $1.3 million. Coinalytics has been working on its Blockstem API for a while now. Blockstem API is responsible for monitoring blockchain activities in real-time. The company has already implemented their system to analyze and visualize the blockchain data on various occasions including the collapse

Read more ... source: LiveBitcoinNews