Share this article
Elliptic raises $120 million backed by Nasdaq, Deutsche Bank as AI reshapes crypto security
The crypto analytics firm plans to expand its AI-powered monitoring tools as stablecoins and tokenized finance grow rapidly, CEO Simone Maini said.
May 12, 2026, 1:30 p.m. 2 min read
What to know:
- Blockchain analytics firm Elliptic raised $120 million in a funding round led by One Peak, valuing the London-based company at $610 million and drawing backing from investors including Nasdaq Ventures and Deutsche Bank.
- The investment comes after a surge in crypto hacks that’s seen nearly $3 billion stolen since the start of 2025 and amid mounting regulatory pressure on exchanges and banks to strengthen anti-money laundering and security controls.
- Elliptic plans to use the new capital to expand its AI-driven monitoring and risk analysis as stablecoins, tokenized assets and institutional blockchain projects grow.
The investment comes as crypto markets face a wave of security breaches and exploits that have exposed weaknesses in both decentralized finance (DeFi) protocols and centralized platforms. Hackers have stolen nearly $3 billion in crypto assets since the beginning of 2025 through smart contract exploits, phishing attacks and cross-chain bridge breaches, and regulators are pushing exchanges and banks to tighten anti-money laundering controls.
As a result, blockchain analytics firms have become critical infrastructure providers for institutions entering the digital asset industry. Elliptic’s software tracks crypto transactions across dozens of blockchains and flags wallets linked to sanctions, fraud, ransomware or illicit finance.
