About Cypherock
Cypherock is a company based in Delhi (India) founded in 2018 by Rohan Agarwal and Vipul Saini. Cypherock has raised $1 million across 1 funding round from investors including OrangeDAO, Gnosis and ConsenSys Mesh. Cypherock offers products and services including Cypherock X1. Cypherock operates in a competitive market with competitors including Ledger, Coolwallet, Tangem, Ballet and TREZOR, among others.
- Headquarter Delhi, India
- Founders Rohan Agarwal, Vipul Saini
- SectorsFinancial Services
- Email••••••••
- Website cypherock.com
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Faucet Labs Private Limited
- Date of Incorporation 11 Mar, 2019
- Jurisdiction Delhi, India
- Annual Revenue₹2.00 Cr
FY 2025 · +63% YoY
- Net Profit₹3.6 Lakh
FY 2025 · 2% margin
- EBITDA₹5.1 Lakh
FY 2025 · 3% margin
- Total Equity Funding$1M (USD)
in 1 rounds
- Latest Funding Round$1M (USD), Seed
Dec 2022
- InvestorsOrangeDAO
& 9 more
Associated legal entities of Cypherock
Cypherock operates through Faucet Labs Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Faucet Labs Private Limited CIN U72900DL2019PTC347110 | Active | 11 Mar 2019 | New Delhi, Delhi | ₹2.0 Cr | – | 2 | View details |
Products & Services of Cypherock
Cypherock offers a comprehensive portfolio of products and services, including Cypherock X1.
Secure device for offline storage and management of cryptocurrency private keys.
Apps and channels of Cypherock
its YouTube channel Cypherock has 653 subscribers and 30 videos.
Videos from Cypherock
The most watched videos on Cypherock's YouTube channel, Cypherock (653 subscribers). Click a video to play it here.
More on Cypherock.
Funding Insights of Cypherock
Cypherock has successfully raised a total of $1M through 1 strategic funding round. The most recent funding activity was a Seed round of $1 million completed in December 2022. 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 $1M
- Total Rounds 1
- Last Round Seed — $1M
- First Round $1M
(Dec 2022)
- Investors Count 10
All 1 funding rounds of Cypherock with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2022 | $1M | Seed | – | ConsenSys Mesh, Infinite Capital |
10 investors in total: 5 institutional and 5 angel.
Investors in Cypherock
Cypherock has secured backing from 10 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include OrangeDAO, Gnosis and ConsenSys Mesh.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Crypto and deep tech investments are made by Infinite Capital. | – | infinite.xyz | - | |
Provider of blockchain development services | – | mesh.xyz | Brooklyn, United States | |
Multiple cryptocurrency financial services are provided via decentralized platforms. | 2015 | gnosis.io | Gibraltar, Gibraltar | |
Multiple topics are explored through blogs on DAO Central. | – | daocentral.com | - | |
Crypto's future is advanced by OrangeDAO's DAO protocol. | 2021 | orangedao.xyz | San Francisco, United States | |
SG Stefan George | Co-founder of Gnosis, active angel investor in blockchain and tech startups. | – | unknown_4ff4ab7eea944d5b9 | - |
MG Mahin Gupta | Founder of Liminal Custody, blockchain expert, active angel investor in tech startups | – | unknown_700d4e09695e4b5b8 | - |
PS Prasanna Sankar | Co-founder of Rippling, angel investor in Indian startups | – | unknown_8b56d013a7494c5ba | - |
FR Furqan Rydhan | Angel investor, tech entrepreneur, ex-ThirdLove co-founder, active in Indian startups | – | unknown_33248e8e63cd4216a | - |
SN Sandeep Nailwal | Co-founder of Polygon, prominent blockchain investor, and Indian crypto pioneer | – | unknown_ad2b38234edb4edda | - |
Investor details for Cypherock
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Faucet Labs Private Limited (Cypherock)
Faucet Labs Private Limited is the primary company behind Cypherock. The board of Faucet Labs Private Limited currently have 2 directors; the longest-serving is Sanchay Raj, appointed in 2021. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sanchay Raj DIN 09364388 | Director | 27 Oct 2021 | 4 yrs 11 mo | Faucet Labs Private Limited |
| Harshit Bagga DIN 09364375 | Director | 27 Oct 2021 | 4 yrs 11 mo | Faucet Labs Private Limited |
People of Cypherock
6 people are tracked at Cypherock (2 in leadership, 4 in team).
| Name | Role | Group |
|---|---|---|
Rohan Agarwal | Co-Founder & CEO | Leadership |
Vipul Saini | Co-Founder & CTO | Leadership |
Kanishk Tiwari | Technical Product Manager | Team |
Gaurav Malviya | Software Development Engineer In Test | Team |
Irshad Ansari | Full Stack Developer | Team |
Vik al | Senior Product Designer | Team |
Complete people profiles for Cypherock
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Cypherock
Figures of Faucet Labs Private Limited, the primary company behind Cypherock, for FY 2025. Revenue was ₹2.00 Cr (+63% year on year). Net profit was ₹3.6 Lakh (2% margin). EBITDA was ₹5.1 Lakh (3% margin). Revenue has grown at a compounded annual rate of +13% over three years and +196% over five years.
- ₹2.00 CrRevenue · FY 2025 · +63% YoY
- ₹3.6 LakhNet profit · 2% margin
- ₹5.1 LakhEBITDA · 3% margin
- ₹10,000Paid-up capital
- +13%Revenue CAGR, 3 years
- +196%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Faucet Labs Private Limited are on its company page.
Detailed financial statements for Cypherock
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Cypherock
2 dated milestones of Cypherock across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Cypherock is founded.
- Funding First funding round of $1.0M.
Competitors of Cypherock
Cypherock 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 Ledger, Coolwallet, Tangem, Ballet and TREZOR, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ledger.com | 2014 | Paris, France | $575.4M | – | Ledger is recognized for providing secure cryptocurrency hardware wallets. | |
| coolwallet.io | 2014 | Taipei, Taiwan | $13.5M | – | Hardware wallet for cryptocurrencies | |
| tangem.com | 2017 | Zug, Switzerland | $23M | – | NFC-enabled hardware wallets for secure cryptocurrency storage are provided. | |
| ballet.com | 2019 | Las Vegas, United States | $13M | – | Hardware solutions for cryptocurrency wallets are provided. | |
| trezor.io | 2013 | Prague, Czech Republic | – | 2 | A Bitcoin Hardware Wallet | |
| keyst.one | 2020 | – | – | – | Cryptocurrency cold storage hardware is offered through an online platform. | |
| ngrave.io | 2018 | Brussels, Belgium | $6.49M | 15 | Hardware wallet solution for cryptocurrencies | |
| shiftcrypto.ch | 2015 | Zurich, Switzerland | – | – | Bitcoin hardware wallet | |
| coolbitx.com | 2014 | Arcadia, United States | $30.45M | – | Bluetooth-enabled hardware wallets for cryptocurrencies are provided. | |
| bitfi.com | 2018 | Miami, United States | – | – | Hardware wallet for cryptocurrencies |
Detailed competitors of Cypherock
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Cypherock
The website of Cypherock (cypherock.com) receives about 33.3K visits a month.
- Monthly visits33.3K
▼ 3.5% vs previous month
Websites whose visitors overlap most with Cypherock. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| tangem.com | 100% | 690.7K | #71,369 | View details | |
| materialbitcoin.com | 95% | 66.5K | #573,071 | View details | |
| telco.in | 95% | 51.3K | #713,947 | View details | |
| onekey.so | 95% | 293.8K | #180,576 | View details | |
bestwallet.com | bestwallet.com | 65% | – | #295,686 | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 9 similar websites and full traffic analytics for Cypherock
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 9 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Cypherock
Complete news archive for Cypherock
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Cypherock
10 companies that operate in the same segment as Cypherock (Cryptocurrencies), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cross-border cryptocurrency payments for businesses are enabled through APIs. | 2013 | Boston, Massachusetts, United States | USD 1.51 B | USD 2.75 B | – | |
Online exchange platform for cryptocurrency | 2017 | Ta Xbiex, Malta | USD 2.02 B | – | – | |
App-based platform for exchange and trading solutions for cryptocurrency | 2011 | London, England, United Kingdom | USD 700 M | – | – | |
Terraform Labs is engaged in blockchain technology development. | 2018 | Singapore, Singapore | USD 57 M | – | – | |
Ledger is recognized for providing secure cryptocurrency hardware wallets. | 2014 | Paris, France | USD 575.4 M | – | – | |
App-based wallet and exchange platform for cross-border money transfers | 2013 | London, England, United Kingdom | USD 73.36 M | – | – | |
Cryptocurrency trading, storage, and exchange services are offered online. | 2012 | San Francisco, California, United States | USD 546.62 M | USD 7.18 B | 3,770 | |
Cryptocurrencies are traded and exchanged through an online platform. | 2014 | Mexico City, Mexico | USD 331.35 M | – | – | |
Decentralized exchange platform for cryptocurrency trading is operated. | 2018 | New York, New York, United States | USD 176 M | – | 85 | |
Mobile app for storing and trading cryptocurrencies is utilized. | 2013 | London, England, United Kingdom | USD 13 M | – | – |
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Frequently Asked Questions about Cypherock
Cypherock was founded in 2018 and raised its 1st funding round 4 years after it was founded.
Cypherock is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Rohan Agarwal is the current CEO of Cypherock. They have also founded this company.
Cypherock is a funded company, having raised a total of $1M across 1 funding round to date. The company's 1st funding round was a Seed of $1M, raised on Dec 2022.
The primary company behind Cypherock, Faucet Labs Private Limited, reported revenue of ₹2.00 Cr for FY 2025, up 63% year on year.
Security storage solutions for blockchain-based digital assets and private keys are developed by Cypherock, founded in 2018 in Delhi, India. A platform for crypto wallets is offered to facilitate secure management of these assets. Operations are centered in the cryptocurrency sector, with services aimed at protecting user data across global blockchain networks. The company is led by co-founders Rohan Agarwal as CEO and Vipul Saini as CTO.
Cypherock's top competitors include Ledger, Coolwallet and Tangem.
Cypherock offers Cypherock X1.
Cypherock has 10 investors. Key investors include OrangeDAO, Gnosis, ConsenSys Mesh, Infinite Capital, and Stefan George.
Cypherock operates through Faucet Labs Private Limited.
The legal entities of Cypherock currently have 2 directors, including Sanchay Raj, Harshit Bagga.