Founded Year

2013

Stage

Series C | Alive

Total Raised

$99.13M

Last Raised

$60M | 8 mos ago

Revenue

$0000 

Mosaic Score

+70 points in the past 30 days

What is a Mosaic Score?
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

About Elliptic

Elliptic offers a cryptocurrency surveillance service for law enforcement and companies that aims to make cryptocurrency transaction activity more transparent and accountable. The company uses artificial intelligence to explore cryptocurrency networks for patterns of suspicious transactions and activity and allows users to detect unusual transactions and track their origin.

Elliptic Headquarter Location

Office 7 35-37 Ludgate Hill

London, England, EC4M7JN,

United Kingdom

+44 (0)20 7193 4752

ESPs containing Elliptic

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTHMARKET STRENGTHLEADERHIGHFLIEROUTPERFORMERCHALLENGER
Fintech / Payments

These companies monitor blockchains and cryptocurrency transactions to ensure compliance, combat fraud, and reduce financial crime. They serve crypto businesses, financial institutions, payment providers, digital wallets, and government agencies.

Elliptic named as Leader among 8 other companies, including Chainalysis, CipherTrace, and Coinfirm.

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Elliptic's Products & Differentiation

See Elliptic's products and how their products differentiate from alternatives and competitors

  • Elliptic Navigator

    Screen your cryptoasset transactions in real-time to uncover links to money laundering, terrorist financing, and sanctioned entities in order to detect and act on high risk transactions and customers, trace source and destination of funds, and to provide audit trails that can speed up SARs submissions.

    Differentiation

    Screening across 100+ Cryptoassets representing 98%+ of daily trading volume. 

    Configurable Risk Rules to ensure scoring reflects risk appetite and risk policies 

    One click drill downs to trace source and destination of funds for links to 50+ risk categories 

    Real-time and historical screening 

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    Differentiation

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    Differentiation

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

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    Differentiation

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

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    Differentiation

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Expert Collections containing Elliptic

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

Elliptic is included in 7 Expert Collections, including Regtech.

R

Regtech

1,341 items

Technology that addresses regulatory challenges and facilitates the delivery of compliance requirements in FIs. Regulatory technology helps FIs and regulators address challenges ranging from traditional compliance and risk management to data reporting and transmission.

B

Blockchain

4,214 items

Companies and startups in this collection leverage blockchain technology for crypto trading, decentralized finance (DeFi), NFTs, and more.

G

Game Changers 2018

70 items

A

Artificial Intelligence

9,051 items

This collection includes startups selling AI SaaS, using AI algorithms to develop their core products, and those developing hardware to support AI workloads.

C

Cybersecurity

4,925 items

F

Fintech

4,770 items

Track and capture company information and workflow.

Elliptic Patents

Elliptic has filed 34 patents.

The 3 most popular patent topics include:

  • Audio engineering
  • Acoustics
  • Audio equipment manufacturers
patents chart

Application Date

Grant Date

Title

Related Topics

Status

12/19/2018

3/22/2022

Audio amplifier manufacturers, Audio equipment manufacturers, Loudspeaker manufacturers, Audio engineering, Audio amplifiers

Grant

Application Date

12/19/2018

Grant Date

3/22/2022

Title

Related Topics

Audio amplifier manufacturers, Audio equipment manufacturers, Loudspeaker manufacturers, Audio engineering, Audio amplifiers

Status

Grant

Latest Elliptic News

Dogecoin used in about 50 criminal activities across the world – report

Jun 23, 2022

According to a new study by Elliptic, terrorists, various criminal organisations and individuals are now increasingly using Dogecoin for nefarious activities. This increased utilisation in illicit transactions is coming after a significant rise in popularity and value of the memecoin in recent years. According to the blockchain analysis firm, Elliptic in the study report published yesterday: “While the vast majority of this activity consists of fraud, scams and Ponzi schemes, it also includes the most serious types of crime, including terrorist financing and purveyors of child sexual abuse (CSAM) material.” The report  The study indicates that the coin is being used by criminals to facilitate vices like fraud, scams, Ponzi schemes, terrorism and the sale of child sexual abuse materials, totaling about 50 cases and running into millions of dollars. Elliptic found out that cryptocurrency is widely accepted on some popular darknet marketplaces that offer drugs and stolen data. Some of the illegal schemes include the Plus Token Ponzi scheme, which resulted in the seizure of over $20 million worth of DOGE by Chinese authorities. Also, Dogecoin was used for the theft of $119 million linked to a Turkish Ponzi scheme in 2021. Interestingly, as of July 2021, DOGE addresses were used to receive $40,235 of the terrorism finance funds going to the Hamas Terror Group. About $3,000 worth of DOGE was also used as payment for child sexual abuse materials. Photo: Spak According to the research, the tenth-largest cryptocurrency based on Market Cap is being leveraged in spreading Cliptomaner – a malware which hijacks computers to maliciously mine cryptocurrencies. The malware hijacks different crypto assets including DOGE which has so far received $29,000. The elliptic study also says DOGE is used to raise funds for far-right extremist groups, such as Infowars, and has received over $1,700 in contributions. Illicit activities in crypto  While the rise and further development of crypto are widely celebrated, speculations about its traceability, and its potential to be used in criminal activities, always loom in the horizon. According to analytics firm, Chainalysis , crypto-based crime hit a new all-time high in 2021, with illicit addresses receiving $14 billion over the course of the year, up from $7.8 billion in 2020. Earlier in this month, according to an investigative report from Reuters, Binance, the largest crypto exchange in the world, was used as a conduit for money laundering as billions of dollars worth of criminal funds were processed through its platform in the last five years. Photo: CSO Online Bitcoin, Ethereum and other major cryptocurrencies are usually used for those illicit activities due to their high levels of security and anonymity when used correctly. But bad actors are now expanding to less-known tokens like Dogecoin in a bid to avoid detection. The adoption of cryptocurrency allows terrorist groups who were otherwise restricted to their region of origin to aggressively pursue expansion into neighbouring regions since the finance will follow them without potentially leaving a trail. All these problems posed by the underlying qualities by the blockchain technology can be solved through a global regulatory body for crypto. Although it might not entirely fix the issues, because even traditional finance systems are being used for money laundering and other illegal acts despite their heavy policing units. However, it will still go a long way to address it. This quote from the Elliptic research validates this assertion: “For retail investors and exchanges, transparency around Dogecoin ownership and its use have become increasingly important. Although it was originally developed as a joke meme coin, Dogecoin has dramatically increased in adoption and value amongst large businesses, including Elon Musk’s SpaceX, creating a greater need to validate the coin’s origins and payment counterparties.” If you’d like to get featured on our Entrepreneur Spotlight, click  here  to share your startup story with us. Technext Newsletter

Elliptic Web Traffic

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  • When was Elliptic founded?

    Elliptic was founded in 2013.

  • Where is Elliptic's headquarters?

    Elliptic's headquarters is located at Office 7, London.

  • What is Elliptic's latest funding round?

    Elliptic's latest funding round is Series C.

  • How much did Elliptic raise?

    Elliptic raised a total of $99.13M.

  • Who are the investors of Elliptic?

    Investors of Elliptic include Digital Currency Group, Octopus Ventures, Paladin Capital Group, SignalFire, Wells Fargo Strategic Capital and 11 more.

  • Who are Elliptic's competitors?

    Competitors of Elliptic include Solidus Labs, Chainalysis, Amberdata, TRM Labs, Scorechain and 7 more.

  • What products does Elliptic offer?

    Elliptic's products include Elliptic Navigator and 4 more.

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TRM Labs

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Merkle Science

Merkle Science seeks to promote the ideology of the blockchain by enabling stakeholders in this ecosystem to detect and prevent criminal activity and financial crime. It provides the infrastructure to help blockchain companies, crypto-exchanges, investment funds, banks, and regulators perform due diligence on the blockchain.

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Solidus Labs

Solidus Labs specializes in the crypto-native triple T (T3) market integrity solutions: trade surveillance, transaction monitoring, and threat intelligence. Its mission is to enable safer crypto trading throughout the investment journey across all centralized and DeFi markets. The company was founded in 2017 and is based in New York, New York.

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Scorechain is building a Big Data infrastructure and services to offer valuable high-level information to business bitcoin stakeholders. The company provides deep analysis and exploration of the Blockchain with interactive graphs visualization.

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Coinfirm is a blockchain technology company focused on compliance as a service. The start-up's platform provides data to bring transparency and security to blockchain transactions, while addressing AML/CTF/Sanctions and counterparty risk management problems.

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