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CipherTrace: Business Overview, Financials & Competitive Analysis

CipherTrace scores 7/10 on the AskCyborg Cyborg Score (Strong). Essential infrastructure for regulated crypto adoption, anchored by Mastercard's global reach and regulatory relationships. CipherTrace is a proven market leader in blockchain analytics backed by a major global payments infrastructure provider (Mastercard). The company serves a critical regulatory compliance function in an expanding crypto market, with established government and enterprise relationships.

What is CipherTrace's industry? CipherTrace (ciphertrace.com) operates in Blockchain and Cryptocurrencies. AskCyborg classifies CipherTrace under Blockchain and Cryptocurrencies in its company registry.

CipherTrace develops cryptocurrency intelligence, anti-money laundering (AML), blockchain analytics and forensics, and compliance solutions. The company's products are used by government agencies, regulators, law enfo...

7/ 10Strong

Cyborg Score thesis

Essential infrastructure for regulated crypto adoption, anchored by Mastercard's global reach and regulatory...

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Industry Blockchain and Cryptocurrencies
2 named competitors
2 recent developments
11 analyst dimensions
Synthesized from analyst-debate stress-testing across 11 dimensions and hundreds of data points. Methodology →
Cyborg Score recalibrated: September 14, 2026
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What's in This Report
CipherTrace OverviewStrategic ProfileCompetitive LandscapeIndustry ContextKey facts
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CipherTrace Overview

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CipherTrace develops cryptocurrency intelligence, anti-money laundering (AML), blockchain analytics and forensics, and compliance solutions. The company's products are used by government agencies, regulators, law enforcement investigators, and auditors to enforce AML laws, reduce fraud, and combat crime. Dave Jevans is CEO of CipherTrace, a Mastercard company.

Strategic Profile

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CipherTrace is a Mastercard company, having been acquired in September 2021. The platform provides regulatory compliance and risk mitigation across the cryptocurrency ecosystem, serving the world's largest banks and crypto exchanges. CipherTrace uses data analytics and algorithms to analyze transactions across 7,000 cryptocurrency entities.

Competitive Landscape

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CipherTrace's competitors include New York-based Chainalysis and London start-up Elliptic. The company differentiates through Mastercard's payment infrastructure, enterprise relationships, and government agency partnerships. Market consolidation has reduced competitive alternatives as institutional adoption accelerates.

Industry Context

CipherTrace operates in Blockchain and Cryptocurrencies.

Key facts

Founded: 2015 · Headquarters: Menlo Park, US · Employees: 11-50 · Revenue: N/A · Market cap: N/A

What the analysts stress-tested

The top findings that survived the multi-agent debate for CipherTrace.

  • Acquired by Mastercard in September 2021, providing access to enterprise clients and regulatory infrastructure at scale
  • Dominant position in blockchain forensics and cryptocurrency AML, analyzing transactions across 7,000+ crypto entities
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Recent developments

Material events tracked by the AskCyborg corpus.

  • June 2021Series B funding round led by Third Point
  • September 2021Acquired by Mastercard
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Named competitors

Pulled from the analyst-debate framework. Click any competitor to see their Cyborg Score.

ChainalysisBlockchain analytics and compliance platform→EllipticCryptocurrency forensics and financial crime prevention→

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Industry context

CipherTrace operates in Blockchain and Cryptocurrencies. See how the rest of the sector scores on the Cyborg framework.

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Every report is stress-tested by a panel of AI analysts arguing across 11 dimensions. The output is the part of the case that survived pushback.

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Frequently asked questions

What does CipherTrace do?+
CipherTrace develops cryptocurrency intelligence, anti-money laundering (AML), blockchain analytics and forensics, and compliance solutions. The company's products are used by government agencies, regulators, law enfo...
What is CipherTrace's Cyborg Score?+
CipherTrace has a Cyborg Score of 7/10 (Strong). The score synthesizes business model, financials, leadership, competitive position, technology, marketing, and ESG dimensions across hundreds of data points.
Who are CipherTrace's main competitors?+
Named competitors include Chainalysis, Elliptic. The full competitive landscape is in the AskCyborg report.
How can I get the full CipherTrace research report?+
Get the report plus analyst-debate audio at askcyborg.com -- no credit card required for preview access. Pro adds saved-company audio playlists and monitoring.
How current is the CipherTrace research?+
The Cyborg Score is recalibrated weekly. Recent developments are tracked continuously and surfaced in every report.

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