About CipherTrace
CipherTrace is a company based in Menlo Park (United States) founded in 2016 was acquired by Mastercard in September 2021.. CipherTrace has raised $45.1 million across 3 funding rounds from investors including Mastercard, Third Point and Neotribe. CipherTrace operates in a competitive market with competitors including CertiK, Ledger, Elliptic, Evrotrust and MetaMask, among others.
- Headquarter Menlo Park, United States
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Sectors
TechnologyIndustrial Goods & Manufacturing Financial Services
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Email
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$45.1 M (USD)
in 3 rounds
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Latest Funding Round
$27.13 M (USD), Series B
May 30, 2021
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Investors
Mastercard
& 7 more
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Employee Count
Employee Count
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Acquired by
Mastercard
(Sep 09, 2021)
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Leadership Team
246 people
Software Development Team
238 people
Sales and Marketing
170 people
Product Management Team
73 people
Legal and Compliance
40 people
Data Analysis and Operations Team
25 people
Manager Team
24 people
Finance and Accounting
24 people
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Funding Insights of CipherTrace
CipherTrace has successfully raised a total of $45.1M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $27.13 million completed in May 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $27.1M
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First Round
First Round
(09 Mar 2018)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2021 | Amount | Series B - CipherTrace | Valuation | Third Point | |
| Feb, 2019 | Amount | Series A - CipherTrace | Valuation | Aspect Ventures | |
| Mar, 2018 | Amount | Seed - CipherTrace | Valuation | Neotribe |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in CipherTrace
CipherTrace has secured backing from 8 investors, including institutional and venture fund investors. Prominent investors backing the company include Mastercard, Third Point and Neotribe. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm focused on tech sectors
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Founded Year | Domain | Location | |
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VC firm investing in seed and early stage companies in the US
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Founded Year | Domain | Location | |
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Early-stage startups are funded by Acrew Capital venture firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by CipherTrace
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - CipherTrace
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ciphertrace Comparisons
Competitors of CipherTrace
CipherTrace operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as CertiK, Ledger, Elliptic, Evrotrust and MetaMask, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online platform for blockchain and smart contract cybersecurity
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| domain | founded_year | HQ Location |
Ledger is recognized for providing secure cryptocurrency hardware wallets.
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| domain | founded_year | HQ Location |
Provider of transaction monitoring and fraud prevention solutions for crypto businesses
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| domain | founded_year | HQ Location |
AI-based identity verification and electronic signing are provided for businesses.
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| domain | founded_year | HQ Location |
Browser-based hot wallet for cryptocurrency management and transactions is provided.
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| domain | founded_year | HQ Location |
Provider of biometric and cryptographic solutions for secure transactions and identity
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ciphertrace
Frequently Asked Questions about CipherTrace
When was CipherTrace founded?
CipherTrace was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is CipherTrace located?
CipherTrace is headquartered in Menlo Park, United States. It is registered at Menlo Park, California, United States.
Who is the current CEO of CipherTrace?
David Jevans is the current CEO of CipherTrace.
Is CipherTrace a funded company?
CipherTrace is a funded company, having raised a total of $45.1M across 3 funding rounds to date. The company's 1st funding round was a Seed of $2.98M, raised on Mar 09, 2018.
What does CipherTrace do?
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.
Who are the top competitors of CipherTrace?
Who are CipherTrace's investors?
CipherTrace has 8 investors. Key investors include Mastercard, Third Point, Neotribe, Seraph Group, and Acrew Capital.
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