CipherTrace is a blockchain forensics and cryptocurrency intelligence business, founded in 2015 and acquired by Mastercard in October 2021. Its platform offered transaction tracing, risk scoring and AML/CTF compliance tooling to governments, law enforcement, regulators, financial institutions and virtual-asset service providers. In March 2024 CipherTrace told clients it was discontinuing its core products - Armada, Inspector and Sentry - a month after Mastercard withdrew a CipherTrace expert report from a federal trial, citing underlying data it described as unverifiable and unauditable. Mastercard said CipherTrace itself was not shutting down and that it remained committed to crypto analytics.
CipherTrace has been acquired
This company is no longer available on our private secondary market.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2015
Employees
51–200
Total Funding
$45.08M
3 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Total raised $45.08M across 3 rounds
Last updated 10-03-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| Jun 22, 2021 | Series B CoinDesk | $27.1M | — | Third Point Ventures |
| Feb 19, 2019 | Series A VentureBeat | $15.0M | — | Aspect Ventures |
| Mar 9, 2018 | Seed | $3.0M | — | Not disclosed |
David Jevans
CEO & Founder
Competitor list is illustrative and may be incomplete, stale, or erroneous.
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