TLDR:
- Allium, a data platform backed by Kleiner Perkins, raised $16.5 million in a Series A funding round led by Theory Ventures.
- The company plans to expand its data infrastructure to help firms looking to enter the digital asset sector, working with clients like Visa, Stripe, and major blockchain projects.
Allium, an enterprise-grade blockchain data platform, recently closed a $16.5 million Series A funding round led by Theory Ventures, building on previous investments from Kleiner Perkins and Amplify Partners. The company aims to support businesses entering the digital asset sector by providing data infrastructure solutions. With institutional interest in crypto rising due to the growth of tokenized assets, Allium plans to invest in data tools to assist financial institutions embracing digital assets.
The platform offers a suite of data products covering multiple blockchains, including visual interfaces for data exploration, APIs for data integration, and tools for tracking decentralized exchange and NFT trading data. Allium has worked with prominent clients such as Visa, Stripe, Uniswap Foundation, and Solana wallet provider Phantom, offering customized data solutions to support their operations.
As cryptocurrency adoption accelerates, Allium aims to continue improving its data analytics dashboard in collaboration with partners like Visa to facilitate stablecoin use cases in the payment ecosystem. The company’s focus on providing reliable access to fresh data for developers and applications in the fast-changing crypto market highlights the importance of robust data infrastructure in driving innovation and growth in the digital asset space.
