Today, Allium announced its Series A financing, with participation from Kleiner Perkins.
We are proud to be doubling down on our original investment, having led their Seed round in 2022. Since then, Allium has built the industry-leading blockchain data platform, and earned the trust of customers like Visa, Stripe, Brevan Howard Digital, and Phantom. As of May 2024, $145B in capital sits in the two major stablecoins Circle (USDC) and Tether (USDT) alone, up from $500M at the end of 2019. The industry growth this implies has been accompanied by a significant increase in data volumes, and use cases for said data, across analytics, investment research, anti-money laundering, payments, NFTs and more.
Any developer who has experienced working with blockchain data can attest that it’s a messy process. While blockchains are easy to write to by design, reading this data in an efficient and scalable way is hard. This is where Allium comes in.
Allium makes working with crypto data easy by delivering a fully historical view of activity over a given asset, keeping it up to date in real-time, and delivering it to their customers in a schema that is easy to query. Allium’s customers use this data to answer critical business questions, identify new investment opportunities, manage risk, and power new applications. Allium’s founders, Ethan Chan and Cheng Han Lee, have years of experience building and operating real-time data and ML pipelines at companies like Meta, Poynt, and Primer. This experience helped them identify what we now know to be a massive opportunity to build what could potentially become the Google for crypto.
Ethan, Cheng Han and team are some of the most dedicated and hard-working people we have ever worked with, and it has been a pleasure to be a small part of their journey to date. If you are interested in learning more about roles at Allium, they are hiring!
– Bucky