finance
Blockchain Analytics Firm Elliptic Raises $120 Million at $610 Million Valuation
Blockchain analytics firm Elliptic announced a $120 million funding round led by One Peak that values the London-based company at $610 million. The capital will expand its AI-driven monitoring tools amid nearly $3 billion in crypto thefts since the start of 2025. CEO Simone Maini said the funding will accelerate an agentic product roadmap to automate compliance tasks.
May 12, 9:30 AM·1m read1 source
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Blockchain analytics firm Elliptic raised $120 million in a funding round announced on May 12, 2026. The round was led by One Peak and values the London-based company at $610 million. Nasdaq Ventures, Deutsche Bank and the British Business Bank backed the London company in the round.
The investment arrives as nearly $3 billion in crypto assets have been stolen since the beginning of 2025 through smart contract exploits, phishing attacks and cross-chain bridge breaches. Stablecoins accounted for roughly $33 trillion in transactions last year. Two-thirds of global crypto trading volume flows through exchanges that use Elliptic's services.
Elliptic’s software tracks crypto transactions across dozens of blockchains and flags wallets linked to sanctions, fraud, ransomware or illicit finance. Banks, exchanges and government agencies rely on these tools to monitor transactions and comply with financial crime rules.
The company said demand has accelerated alongside the growth of stablecoins, tokenized assets and institutional blockchain projects.
Elliptic plans to expand its AI-driven monitoring and risk analysis tools as institutional adoption of digital assets grows. CoinDesk reported that artificial intelligence tools are making attacks cheaper and faster, forcing a rethink of how crypto systems stay secure.
"One of the things that we will be accelerating with the funding is our agentic product roadmap," Simone Maini, CEO of Elliptic, told CoinDesk. "Building and launching agents that sit on top of Elliptic's dataset to be able to automate a lot of what is otherwise highly manual, repetitive tasks performed by compliance analysts.
