Blockchain Security Firm CertiK Just Raised $88M, SEC Docs Show

The equity sale opened on March 23 and 15 investors have chipped in funding.

AccessTimeIconMar 31, 2022 at 8:45 p.m. UTC
Updated Mar 31, 2022 at 8:55 p.m. UTC

Brandy covers crypto-related venture capital deals for CoinDesk.

Blockchain cybersecurity company CertiK has raised nearly $88 million in an equity offering, according to a new regulatory filing on Thursday. CertiK declined to provide details on the filing when contacted by CoinDesk.

The date of first sale for the offering was March 23. The total amount sold in the offering was $87,999,975 from 15 investors.

CertiK offers the active monitoring platform Skynet, which detects and protects blockchains from cyberattacks. The company also offers the Security Leaderboard, a security ranking platform for blockchain protocols and decentralized finance.

CertiK announced an $80 million funding round in December at a $1 billion valuation. The round, led by Sequoia Capital China, had been the company’s third round of financing within four months.

The timing of the latest funding round may be opportune. A $625 million exploit of Ronin, the network powering popular crypto game Axie Infinity, was disclosed earlier this week.

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Brandy covers crypto-related venture capital deals for CoinDesk.

CoinDesk - Unknown

Brandy covers crypto-related venture capital deals for CoinDesk.