Chainalysis acquires blockchain data provider Transpose

Chainalysis got his hands on Transpose for an undisclosed amount. The blockchain analysis intends to take advantage of API developed by the startup for strengthen his offer.

US blockchain data specialist Chainalysis announced a new acquisition on Tuesday with Transpose.

Also based in New York and founded in 2021, Transpose transforms and translates blockchain data into a sequence ofAPI human-readable.

We’re already seeing companies and developers wanting to replace complex data systems that rely on unreliable node services or incomplete data providers. They’re looking for flexible, fast and reliable APIs that can easily access blockchain data in real time. Transpose’s technology and team will help us meet this demand,” explained Chainalysis.

Chainalysis has acquired Transpose, a blockchain data & infrastructure company that makes building applications using web3 data fast and simple. Together we’re working toward a more efficient, transparent financial system. Learn more: https://t.co/xTiA2U8PX2 pic.twitter.com/SVr5ZWlTkZ

– Chainalysis (@chainalysis) May 30, 2023

Last year, Transpose closed a $3 million financing round led by Soma Capital and MaC Venture.

“The resources, expertise and large-scale experience that Chainalysis our contribution to Transpose will considerably accelerate the development of our product offerings,” says the startup founded by Alex Langshur and Michael Calvey.

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