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Merkle Science
A blockchain data analysis company
About Merkle Science
Merkle Science, founded in 2018 by Mriganka Pattnaik and Nirmal AK, provides blockchain transaction monitoring and intelligence solutions to support the growth of the digital asset industry. The company's genesis is tied to the founders' experiences in the crypto space, where they identified a critical need for robust risk management tools. Mriganka Pattnaik, the CEO, previously worked at Luno, a global cryptocurrency exchange, where she gained firsthand insight into the compliance challenges faced by crypto businesses. This background directly informed the development of Merkle Science's platform.
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The firm operates in the cryptocurrency compliance and risk management sector, serving a diverse client base that includes crypto businesses, financial institutions, and government agencies. Its business model centers on providing a suite of tools that help these entities detect, investigate, and prevent the illicit use of cryptocurrencies. Revenue is generated through subscriptions to its platform, offering different tiers of service based on client needs.
Merkle Science's core product is a predictive transaction monitoring and forensics platform. This service allows users to go beyond blacklists and analyze crypto transactions with a high degree of precision to identify links to illegal activities. A key feature is its behavior-based algorithm, which helps to flag suspicious transactions that might otherwise go unnoticed. The platform supports a wide array of digital assets and provides clear, actionable intelligence to compliance teams, enabling them to meet their regulatory obligations efficiently.
At a glance
- Status
- Operational
- Founded
- 2018
- Headquarters
- New York City, United States
- Employees
- 53
- Open positions
- 5
- Dealroom signal
- 65.3/100
- Industry
- Fintech
- Sub-industry
- Crypto and DeFi, Regtech
- Sector
- Fintech, Risk Management, Anti Money Laundering, Spinout, Crypto Compliance, Crypto and Web3
- Technology
- Blockchain, Big Data
- Business model
- SaaS
- Client focus
- b2b
- Investment activity
- 1 company, latest Jun 2024
- Capital deployed
- —
- Preferred round
- ACQUISITION
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES A✓Equity / VC | Aug 2022 | $19M | $76M | Coinhako · Darrow Holdings · K3 ventures · HashKey Capital | ↗ |
| SERIES A✓Equity / VC | Sep 2021 | $5.8M | $23M | Kenetic Capital · LuneX Ventures · Token Bay Capital · Kraken Ventures | ↗ |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for Merkle Science is 30K monthly website visits, up 36.4% over the last three months. Merkle Science's team declined 14.5% over the past year.
Open positions
Similar companies
Company identity and context are open; selected comparison metrics preview what is available on the platform.
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed5 investors entered at this stage
LuneX Ventures
SGInnovate
Digital Currency Group
Entrepreneurs First- BGBlockchain Investment Group
Series A15 investors entered at this stage
Tribe Accelerator
Darrow Holdings
Kenetic Capital
Token Bay Capital
Kraken Ventures
Uncorrelated
Fenbushi Capital
K3 ventures
BECO Capital
Coinhako
HashKey Capital
500 Global
Summer Capital
Republic Crypto
Aspen Digital
Other known investors13 additional known investors
Creative Destruction Lab
University of Toronto
Blockrocket
Cadenza- DTDavid Toh
Elbruz Yılmaz
FinTech Sandbox
Global Incubator Network
HBAR Foundation
Lloyd's lab
Plug and Play
Tenity
Tribe
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Merkle Science on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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