The rise of crypto analytics: Data provider The TIE valued at $100M following Series A
Digital asset analytics provider The TIE has closed a strategic investment round backed by some of blockchain’s most prominent investors, underscoring heightened demand for crypto data and software services.
The TIE raised $9 million in Series A funding at a valuation of $100 million, making it one of the largest crypto analytics services in the market. The funding round was led by Blizzard, an Avalanche-focused investment fund, with additional participation from executives at Golden Tree Asset Management, Nexo, Gemini, Frontier Fund, Republic Capital, Hudson River Trading and New York Digital Investment Group, better known as NYDIG.
The TIE said the new capital injection will be used to further scale its product development and increase in-house capacity. Nearly 100 crypto companies currently use the company’s services.
Venture capital fell in love with the blockchain in 2021, with a new @CBinsights report showing a 713% increase in funding. https://t.co/6n0RGLzN1o
The TIE’s product suite includes the SigDev Terminal, a customizable data analytics and news platform used by leading hedge funds and financial services firms, as well as by media companies including Cointelegraph. The company also houses Token Labs, a service to help token issuers make more informed data-driven decisions across their business.
The TIE also provides the sentiment analysis and multiple other datasets that power the Cointelegraph Markets Pro VORTECS™ Score, a real-time algorithmic rating that helps traders understand the current health of the market for a given digital asset.
The company announced that Ava Labs president John Wu will join its board of directors. Wu said that “robust data and workflow solutions” are essential to institutional
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