Search company, investor...

Founded Year



Acquired | Acquired

Total Raised


About CipherTrace

CipherTrace enables the blockchain economy by protecting cryptocurrency companies and financial institutions from security and compliance risks. This visibility into the blockchain and virtual asset businesses helps protect banks and exchanges from cryptocurrency laundering risks while protecting user privacy. CipherTrace also works with government agencies to bridge the gaps between regulation and the world of cryptocurrencies and blockchain. On September 9th, 2021, CipherTrace was acquired by Mastercard. The terms of the transaction were not disclosed.

Headquarters Location

140 Victory Lane

Los Gatos, California, 95030,

United States



CipherTrace's Product Videos

CipherTrace's Products & Differentiators


    CipherTrace Armada, a cryptocurrency data feed, identifies Virtual Asset Service Providers (VASPs) and enables due diligence on VASPs through automated transaction matching systems. Armada data feeds enable the ability to link payments to high risk VASPs and crypto MSBs.


Expert Collections containing CipherTrace

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

CipherTrace is included in 5 Expert Collections, including Regtech.



1,921 items

Technology that addresses regulatory challenges and facilitates the delivery of compliance requirements. Regulatory technology helps companies and regulators address challenges ranging from compliance (e.g. AML/KYC) automation and improved risk management.



6,949 items

Companies in this collection build, apply, and analyze blockchain and cryptocurrency technologies for business or consumer use cases. Categories include blockchain infrastructure and development, crypto & DeFi, Web3, NFTs, gaming, supply chain, enterprise blockchain, and more.



7,289 items

These companies protect organizations from digital threats.



8,123 items

Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.


Blockchain 50

50 items

CipherTrace Patents

CipherTrace has filed 10 patents.

The 3 most popular patent topics include:

  • cryptocurrencies
  • alternative currencies
  • blockchains
patents chart

Application Date

Grant Date


Related Topics




Cryptocurrencies, Alternative currencies, Cyberwarfare, Cybercrime, Computer security exploits


Application Date


Grant Date



Related Topics

Cryptocurrencies, Alternative currencies, Cyberwarfare, Cybercrime, Computer security exploits



Latest CipherTrace News

Mastercard doubles down on effort to detect and tackle crypto fraud with AI tie-up

Nov 20, 2023

is doubling down on its efforts to detect and prevent fraud that's routed through cryptocurrency exchanges. The company told CNBC exclusively that it's partnered with Feedzai, a regulatory technology platform that aims to combat money laundering and financial scams online using artificial intelligence. Through the partnership, Feedzai will integrate directly with Mastercard's CipherTrace Armada platform, which is used to help banks monitor transactions from over 6,000 crypto exchanges for fraud, money laundering and other suspicious activity. CipherTrace Armada will be embedded directly in Feedzai's technology, rather than accessed through an API, or application programming interface, with Feedzai "inhaling" the data to enable real-time alerts about suspicious crypto transactions. "This will increase fraud detection by protecting unwary consumers, but will also detect potential money laundering activity and mule accounts," Feedzai CEO and co-founder Nuno Sebastio told CNBC. Mule accounts are accounts of users that fraudsters exploit to launder their ill-gotten funds. An estimated 40% of scam transactions exit directly from a bank account to a crypto exchange today, according to Feedzai data. The tie-up will also give Mastercard access to Feedzai's artificial intelligence smarts. Feedzai says its software can identify and block suspicious transactions in a matter of nanoseconds — but also recognize transactions that are legitimate. Feedzai's RiskOps platform analyzes transactions worth over $1.7 trillion annually. Co-headquartered in Coimbra, in Portugal, and San Mateo, California, in Silicon Valley, the firm holds close to 100 patents and secures an average of 10 patents per year to safeguard its technology. "Numerous banks that believe they are preventing illegitimate cryptocurrency transactions are, in fact, only blocking transactions involving the widely recognised and regulated entities within the crypto space and omitting the rest," Sebastio said. Crypto entering the mainstream? The move marks a push from Mastercard into the market for legitimizing crypto as a mainstream financial asset that can be subjected to the same rules and compliance frameworks as traditional assets. Banks and other large financial institutions have shown increased interest in experimenting with crypto in their products and services. But the next step, deploying commercially available crypto products as part of their core offerings, has proven more elusive. Banks have been wary of digital assets' lack of comprehensive regulations and applications in fraud and scams. Last year, the amount of theft and scams led to a global increase of 79% in crypto-related losses from the previous year, according to data from blockchain analysis firm Chainalysis . Illicit addresses received $14 billion in 2022 year-over-year, almost twice what they received in 2020. Mastercard's vast network is used by banking institutions worldwide to process and monetize payments. The company competes with fellow payments giant Visa , which is also in the business of supporting card payments, among other fintech services. In the U.K., banks have shown hesitation when it comes to being associated with crypto. Several larger lenders have halted transactions with crypto exchanges on their networks, citing the risk of fraud. Top banks including JPMorgan , NatWest, and HSBC have restricted or blocked crypto transactions. This led to criticisms from Coinbase CEO Brian Armstrong, who said the development jarred with the U.K.'s ambition to become a global "Web3" hub. Ajay Bhalla, president of cyber and intelligence solutions for Mastercard, told CNBC that the "interconnectedness of life today and increasing digital penetration of finance has brought risk as well as opportunity." "Our latest data shows fraud on transactions where people are buying crypto is 5 times higher than regular fiat transactions," Bhalla said via email, adding that, with Mastercard's new tie-up with Feedzai, financial institutions will "be able to tell good transactions from bad." The partnership builds on Mastercard's deal to acquire U.S. blockchain sleutching firm CipherTrace. Mastercard bought CipherTrace in 2021, and the following year launched its first product using the firm's technology, called CryptoSecure, to analyze and block transactions from fraud-prone crypto exchanges.

CipherTrace Frequently Asked Questions (FAQ)

  • When was CipherTrace founded?

    CipherTrace was founded in 2015.

  • Where is CipherTrace's headquarters?

    CipherTrace's headquarters is located at 140 Victory Lane, Los Gatos.

  • What is CipherTrace's latest funding round?

    CipherTrace's latest funding round is Acquired.

  • How much did CipherTrace raise?

    CipherTrace raised a total of $45.13M.

  • Who are the investors of CipherTrace?

    Investors of CipherTrace include Mastercard, Neotribe Ventures, Aspect Ventures, Third Point Ventures, WestWave Capital and 4 more.

  • Who are CipherTrace's competitors?

    Competitors of CipherTrace include Chainalysis, TRM, Merkle Science, Coherent, Coinfirm and 7 more.

  • What products does CipherTrace offer?

    CipherTrace's products include Armada and 4 more.


Compare CipherTrace to Competitors

Elliptic Logo

Elliptic offers blockchain analytics and cryptocurrency compliance solutions. It provides a cryptocurrency surveillance service for law enforcement and companies. It uses artificial intelligence (AI) to explore cryptocurrency networks for suspicious transactions and activity and allows users to detect unusual transactions and track their origin. It was formerly known as Bitxchange. The company was founded in 2013 and is based in London, United Kingdom.

Chainalysis Logo

Chainalysis provides cryptocurrency investigation and compliance solutions. It offers methods of data analysis, visualization, and actionable intelligence to protect the integrity of cryptocurrency transactions. It serves government agencies, exchanges, financial institutions, insurance, and cybersecurity companies. The company was founded in 2014 and is based in New York, New York.

Merkle Science Logo
Merkle Science

Merkle Science offers predictive transaction monitoring and forensics advanced solutions in blockchain monitoring. The company provides the infrastructure to help blockchain companies, cryptocurrency exchanges, investment funds, banks, and regulators perform due diligence on the blockchain. It was founded in 2018 and is based in Manhattan, New York.

TRM Logo

TRM provides digital asset compliance and risk management solutions. It delivers products including a software platform for on-chain customer due diligence, transaction monitoring, and customer relationship management. The company provides its service to cryptocurrency businesses, financial institutions, and the public sector. It was founded in 2018 and is based in San Francisco, California.

Coinfirm Logo

Coinfirm provides blockchain analytics and investigations solutions. Its platform assesses risk and counterparties with clear structured data. The company offers its services to banks and governments. It was founded in 2016 and is based in London, United Kingdom.

Ospree Logo

Ospree is a digital asset compliance platform operating in the financial technology sector. The company provides a unified solution for managing Anti Money Laundering compliance requirements, including blockchain analytics, customer onboarding, and travel rule data input. Ospree primarily serves financial institutions such as crypto asset managers, neo-banks, and payment companies. It is based in Singapore.


CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.