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Blockchain Security Firm CertiK Confirms $88M Raise at $2B Valuation

Brandy Betz - CoinDesk
2022-04-07 12:41
Blockchain security company CertiK said on Thursday that it has raised $88 million in a new funding round, confirming a CoinDesk report from last week.
  • The extended Series B round came with a $2 billion valuation and was co-led by Insight Partners. Tiger Global and Advent International. Other participants in the round were Goldman Sachs, Sequoia Capital and Lightspeed Venture Partners.
  • The round doubled CertiK’s valuation from the $80 million funding round in December, which was led by Sequoia Capital China.
  • CertiK offers the Skynet active monitoring platform to protect blockchains from cyberattacks and the Security Leaderboard, a security ranking platform for blockchain protocols and decentralized finance.
  • CertiK raised funds at an important time in blockchain security following the $625 million exploit of Ronin, the network behind popular crypto game Axie Infinity, which was disclosed last week.
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