CipherTrace
CipherTrace enables the blockchain economy by protecting cryptocurrency companies and financial institutions from security and compliance risks. Years of research have gone into developing the world’s most complete and accurate cryptocurrency intelligence and forensics, covering more than 800 currencies. This visibility into the blockchain and virtual asset businesses helps protect banks and exchanges from cryptocurrency laundering risks, while protecting user privacy. CipherTrace also works with government agencies to bridge the gaps between regulation and the world of cryptocurrencies and blockchain.
CipherTrace
CipherTrace enables the blockchain economy by protecting cryptocurrency companies and financial institutions from security and compliance risks. Years of research have gone into developing the world’s most complete and accurate cryptocurrency intelligence and forensics, covering more than 800 currencies. This visibility into the blockchain and virtual asset businesses helps protect banks and exchanges from cryptocurrency laundering risks, while protecting user privacy. CipherTrace also works with government agencies to bridge the gaps between regulation and the world of cryptocurrencies and blockchain.
TL;DR
Founded: 2015
Headquarters: California
Domain: Blockchain analytics & crypto forensics (AML, transaction risk-scoring, investigations)
Total funding (pre-acquisition): Approximately $45M
Acquisition: Acquired by Mastercard (announced 2021)
Company Overview
Problem Domain
Cryptocurrency money laundering, transaction risk assessment, regulatory compliance, and blockchain forensic investigations.
Founded
2015
Industry
Blockchain / Cryptocurrency / Financial crime compliance
Funding Track Record
$27,000,000
Reported Series B announced May 30, 2021
Investor Signal
“Included investors across rounds: WestWave Capital, Aspect Ventures, Third Point Ventures, Neotribe Ventures, Galaxy Digital, EOS VC Fund”