When was CipherTrace founded?

CipherTrace was founded in 2016.

Where is CipherTrace located?

CipherTrace is headquartered in Menlo Park, United States.

How many employees does CipherTrace have?

As of Mar 01, 2026, the latest employee count at CipherTrace is 50 - 199.

Is CipherTrace a funded company?

CipherTrace is a funded company, having raised a total of $45.1M across 4 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round.

When was the latest funding round of CipherTrace?

CipherTrace's latest funding was a $***** Series B round on May 30, 2021, with participation from 4 investors. Its primary sector is Security & Surveillance Technology. In United States, the Security & Surveillance Technology sector has seen $4.53B in funding in 2026 to date.

Where does CipherTrace rank among its competitors?

CipherTrace ranks 86th amongst 1417 active competitors, of which 283 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was Elliptic, which secured an undisclosed amount in Jul, 2026.

Who are the top competitors of CipherTrace?

CipherTrace's top competitors include Ledger, CertiK and Evrotrust. Among them, Elliptic secured the most recent funding round in July, 2026.

CipherTrace - 2026 Company Profile, Funding & Competitors

Company Details

CipherTrace provides forensic and investigation tools for cryptocurrencies. Helps organizations in investigating money laundering, ransomware, drug trafficking, extortion, child exploitation, and fraudulent ICOs. CipherTrace provides the infrastructure to enable secure, verifiable, and legal commerce for cryptocurrency markets.

Website: ciphertrace.com
Social
Email ID: *****@ciphertrace.com
Phone Number: +1 **********

Key Metrics

Founded Year

2016

Location

Menlo Park, United States

Stage

Acquired

Total Funding

$45.1M in 4 rounds

Latest Funding Round

Series B, May 30, 2021, $*****

Investors

Third Point & 10 more

Ranked

86^th among 1417 active competitors

Employee Count

50 - 199 as on Mar 01, 2026

Similar Companies

CertiK & 1806 more

Exit Details

Acquired by Mastercard (Sep 09, 2021)

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CipherTrace got acquired by Mastercard on Sep 09, 2021.

Click here to take a look at CipherTrace's acquisition in detail

CipherTrace has raised a total funding of $45.1M over 4 rounds. Its latest funding round was a Series B round on May 30, 2021 for $*****. 4 investors participated in its latest round. CipherTrace has 11 institutional investors.

Here is the list of recent funding rounds of CipherTrace:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 30, 2021	8082297	Series B	5704508	8623673	8960857	5282935
Feb 13, 2019	7321032	Series A	7428549	2875768	9171086	WestWave Capital & 2 more
Mar 09, 2018	3770697	Seed	4226847	8984479	Neotribe	2785496

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CipherTrace's employee count trend

CipherTrace has 50 - 199 employees as of Mar 26. Here is CipherTrace's employee count trend over the years:

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Top competitors of CipherTrace include Ledger, CertiK and Evrotrust. Here is the list of Top 10 competitors of CipherTrace, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Ledger 2014, Paris (France), Series C	Blockchain based hardware wallet for cryptocurrency	$575M	10T, Samsung & 71 others	81/100
2nd	CertiK 2017, New York City (United States), Series B	Provider of blockchain security auditing and formal verification software solutions	$296M	Tiger Global Management, SoftBank Vision Fund ... & 41 others	75/100
3rd	Evrotrust 2015, Sofia (Bulgaria), Series B	AI based identity verification and e-Signing solution provider	$13.8M	3TS Capital Partners, BDB & 6 others	72/100
4th	Clear 2010, New York City (United States), Public	Provider of expedited identity verification services for airport security and more	$135M	T. Rowe Price, United Airlines & 22 others	71/100
5th	Mantra Softech 2006, Ahmedabad (India), Series A	Biometrics-based security and surveillance solutions	$14.2M	India SME Investments, Motilal Oswal Financial Services ... & 2 others	70/100
6th	Elliptic 2013, London (United Kingdom), Series D	Provider of blockchain analytics software for digital asset risk management	$224M	Paladin Capital, SoftBank & 36 others	70/100
7th	MetaMask 2015, San Francisco (United States), Funding Raised	Developer of a platform for managing digital assets and blockchain interactions	-	SNZ, DeepTech Ventures & 4 others	69/100
8th	itsme 2017, Brussels (Belgium), Series B	Provider of digital identity solutions for secure online transactions and signatures	$29.3M	SFPI, ING & 6 others	68/100
9th	Solidus Labs 2017, New York City (United States), Series B	Digital asset trade surveillance solution	$83M	Evolution Equity Partners, Liberty City Ventures ... & 15 others	68/100
10th	Dynamic Acquired	Developer of software development kits for digital wallet infrastructure management	$43.3M	Andreessen Horowitz, Founders Fund & 14 others	67/100
86th	CipherTrace 2016, Menlo Park (United States), Acquired	Forensics and investigation tools for cryptocurrencies	$45.1M	WestWave Capital, Third Point & 9 others	50/100