Blockchain analytics company Elliptic Enterprises Ltd. completed a $120 million funding round on May 12 led by One Peak Partners LLP. Deutsche Bank AG and Nasdaq Inc.'s venture arm also participated in the round [1, 2].
The funding values Elliptic at between $610 million and $670 million, with sources varying on the exact figure. One source cites a $670 million valuation, while another reports $610 million following the round [1, 2].
Elliptic plans to use the proceeds to expand its global reach and accelerate the development of AI-powered compliance and risk monitoring tools [1, 2]. The firm's software monitors cryptocurrency transactions across more than 10 blockchains. It identifies wallets involved in sanctions violations, fraud, ransomware, and other illicit financial activities [2].
Approximately two-thirds of worldwide cryptocurrency transaction volume is processed through exchanges relying on Elliptic's services, underscoring its significant market role [2]. In 2025 alone, stablecoin transactions reached $33 trillion, even as crypto-related hacks have led to losses approaching $3 billion since early that year [2].
CEO Simone Maini highlighted plans to "accelerate the 'intelligent agent product roadmap,' building and launching agents to automate highly manual, repetitive tasks performed by compliance analysts," emphasizing greater automation through AI-driven tools [2].
Financial institutions have stepped up investment in crypto compliance and security infrastructure in response to the rising frequency of crypto hacks since early 2025 [2].
