CipherTrace - About the company
CipherTrace is an acquired company based in Menlo Park (United States), founded in 2016. It operates as a Forensics and investigation tools for cryptocurrencies. CipherTrace has raised $45.1M in funding from investors like Third Point, Aspect Ventures and Neotribe. The company has 1344 active competitors, including 293 funded and 157 that have exited. Its top competitors include companies like Ledger, CertiK and Worldcoin.
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
Investors
Ranked
89th among 1344 active competitors
Employee Count
11 - 50 as on Jul 01, 2024
Exit Details
Acquired by Mastercard (Sep 09, 2021)
CipherTrace's acquisition details
CipherTrace got acquired by Mastercard on Sep 09, 2021. It was facilitated by Moelis & Company.
Click here to take a look at CipherTrace's acquisition in detail
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CipherTrace's funding and investors
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:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
May 30, 2021 | 4953185 | Series B | 7510388 | 9512115 | 9455723 | 9803913 |
Feb 13, 2019 | 3016277 | Series A | 8292082 | 4055058 | 2678443 | |
Mar 09, 2018 | 8344701 | Seed | 3339599 | 9266451 | 6575256 |
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CipherTrace's founders and board of directors
Founder? Claim ProfileCipherTrace's employee count trend
CipherTrace has 11 - 50 employees as of Jul 24. Here is CipherTrace's employee count trend over the years:
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CipherTrace's Competitors and alternates
Top competitors of CipherTrace include Ledger, CertiK and Worldcoin. Here is the list of Top 10 competitors of CipherTrace, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Blockchain based hardware wallet for cryptocurrency | $575M | 81/100 | ||
2nd | CertiK 2017, New York City (United States), Series B | Online platform for blockchain and smart contract cybersecurity | $296M | 73/100 | |
3rd |  Worldcoin 2019, San Francisco (United States), Series C | Develope of a digital currency focused on general purpose | $240M | 72/100 | |
4th | Elliptic 2014, London (United Kingdom), Series C | Provider of transaction monitoring and fraud prevention solutions for crypto businesses | $104M | 70/100 | |
5th | SpiderOak 2007, Northbrook (United States), Series C | Online software for enterprise file sharing | $35M | 68/100 | |
6th | Clear 2010, New York City (United States), Public | Developer of cloud based fingerprint authentication systems | $135M | 68/100 | |
7th | AI based identity verification platform for businesses | $6.22M | 67/100 | ||
8th | Mantra Softech 2006, Ahmedabad (India), Seed | Biometrics-based security and surveillance solutions | $63.8K | - | 67/100 |
9th | MetaMask 2015, San Francisco (United States), Funding Raised | Browser-based hot wallet for cryptocurrency | - | 66/100 | |
10th | Solidus Labs 2017, New York City (United States), Series B | Digital asset trade surveillance solution | $83M | 65/100 | |
89th | CipherTrace 2016, Menlo Park (United States), Acquired | Forensics and investigation tools for cryptocurrencies | $45.1M | 50/100 |
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CipherTrace's Investments and acquisitions
CipherTrace has made no investments or acquisitions yet.
Reports related to CipherTrace
Here is the latest report on CipherTrace's sector:
News related to CipherTrace
Filter this list•
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Double Extortion Ransomware Increased Almost 500% in 2021, CipherTrace ReportsCrowdfund Insider•Apr 19, 2022•CipherTrace
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Mastercard Strengthens Digital Asset Security with Close of CipherTrace AcquisitionBusiness Wire•Oct 19, 2021•Mastercard, CipherTrace
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Mastercard Acquires CipherTrace to Enhance Crypto CapabilitiesBusiness Wire•Sep 09, 2021•Mastercard, CipherTrace, Mastercard
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Binance Integrates CypherTrace Traveler for FATF Travel Rule ComplianceFinance Magnates•Jul 01, 2021•Binance, CipherTrace
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Ciphertrace Closes $27.1m Series B Funding Led By Third Point VenturesCoinspeaker•Jun 23, 2021•CipherTrace, Third Point Ventures, Neotribe, Seraph Group and 1 other
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GroupSense And CipherTrace Partner To Reduce Cryptocurrency CybercrimeAiThority•Jun 10, 2021•GroupSense, CipherTrace
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Ibanera Partners With CipherTrace to Strengthen Crypto ComplianceAiThority•Apr 19, 2021•Ibanera, CipherTrace
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Global Fintech Ibanera Teams Up With CipherTrace to Enhance Cryptocurrency Anti-Money Laundering & Know Your Transaction Compliance SolutionCrowdfund Insider•Apr 13, 2021•CipherTrace, Ibanera
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