CipherTrace, a Menlo Park, California—based blockchain security company, raised $15M in funding.
The round was led by Aspect Ventures with participation from Galaxy Digital, Neotribe Ventures, and WestWave Capital. In conjunction with the funding, Aspect’s Mark Kraynak will join the Board of Directors.
The company will use the new funds to expand its global reach and extend product functionality.
Founded in 2015 and led by David Jevans, CEO, CipherTrace develops cryptocurrency intelligence, anti-money laundering (AML), blockchain analytics and forensics, and compliance solutions. Exchanges, banks, investigators, regulators and digital asset businesses use the company’s solutions to trace transaction flows and comply with regulatory anti-money laundering requirements.