Blockchain Security Firm CertiK Confirms $88M Raise at $2B Valuation
The valuation was double from the last funding round in December.
Apr 7, 2022 at 12:41 p.m. UTC:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/EFBGDYCTYZARTPON6ZM5TUMHKE.jpeg)
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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 platforms and decentralized finance apps.
- 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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Brandy covered crypto-related venture capital deals for CoinDesk.
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