CipherTrace

CipherTrace is a California-based cryptocurrency intelligence and blockchain forensics organization that provides anti-money laundering solutions to secure virtual assets across the financial sector. The analytical platform monitors over 900 distinct cryptocurrencies and more than 7,000 entities to help traditional banks, cryptocurrency exchanges, and law enforcement agencies detect fraud and ensure strict regulatory compliance. Prior to its strategic acquisition, the company scaled its internal operations to between 51 and 200 employees while actively serving approximately 150 institutional clients worldwide. The enterprise raised $18 million in total venture funding from prominent investors including Aspect Ventures and Galaxy Digital, alongside early backing from the US Department of Homeland Security. Mastercard officially acquired the business in September 2021 to integrate these digital asset tracking capabilities into its broader global cybersecurity infrastructure. CipherTrace was originally founded in 2015 by veteran security professional David Jevans.