PANews, June 23 – According to Fortune, blockchain data analytics company Allium announced the completion of a $40 million Series B funding round led by Amplify Partners, with participation from Kleiner Perkins and Theory Ventures, among others. The valuation was not disclosed. Allium cleans and structures on-chain data, serving institutions such as a16z crypto and Coinbase, and its data is cited by Visa and the Federal Reserve. The company was founded in 2021 by Ethan Chan and Cheng Han Lee and currently has about 50 employees. The report noted that against the backdrop of layoffs at Dune Analytics and Messari being acquired by Blockworks at a price below its previous valuation, Allium seeks to control data sources and tap into the data infrastructure needs of AI agents in future financial transactions and stablecoin payments.