On April 9 Siren, the all-in-one investigation platform company on a mission to keep people, assets and networks safe, and Chainalysis, the blockchain intelligence platform, announced details of a strategic partnership. As cryptocurrency becomes more mainstream and used by both good and bad actors, the partnership addresses the increasing need for more sophisticated intelligence technology to fight illicit cryptocurrency activity.
Many believe cryptocurrency is the future, and it is expected that blockchains will soon be the world’s primary mechanism for the exchange of value. Chainalysis’ mission is to build trust in blockchains, setting the stage for the mass adoption of crypto in a way that gives participants safety and security. Its data powers investigation, compliance, and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases and grow consumer access to cryptocurrency safely.
Siren is an AI-driven Investigative Intelligence platform which is used by some of the world’s leading Law Enforcement, National Security and Cyber threat investigators. Siren connects and enriches local classified information with external vendor data as well as data available from public sources to identify patterns, actors and events.
Siren’s AI-driven search functionality dramatically reduces the complexity in searching for intelligence – like browsing the internet or shopping online anyone can search for intelligence links, regardless of technical abilities, across multiple data sources and get immediate results on both desktop and mobile devices. Using patented technology, Siren delivers a modern search experience at Enterprise speed and scale, making advanced intelligence queries accessible to all across the organization.
Through the collaboration, illicit activity is easier to identify in real-time across multiple data sources, including Chainalysis’ on-chain data, allowing investigators and analysts to map addresses to named services, detect illicit activity as it happens, and build cases.
The Siren platform leverages the Chainalysis Investigations API (IAPI), part of the Chainalysis Investigations solution. The Investigations API is a REST based API which programmatically helps to prioritize and accelerate investigations. This ensures investigation teams can focus on the most important cases with the highest likelihood of success. The IAPI enables data engineers and scientists to enrich existing datasets with Chainalysis insights to enhance large scale investigations, surface new leads, and uncover previously unknown connections between different cases for deconfliction.
John Randles, CEO of Siren, said: “Linking to crypto across multiple data sources is pivotal for investigators. We’re delighted to announce the partnership here in New York at Links 2024. We were lucky to attend a couple of Chainalysis events last year and experience first-hand the synergies in our offerings and missions.”
Source: Siren
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