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

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

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

The valuation was double from the last funding round in December.

The valuation was double from the last funding round in December.

The valuation was double from the last funding round in December.

By Brandy Betz
AccessTimeIconApr 7, 2022, 12:41 PM
Updated May 11, 2023, 6:01 PM
(Luke MacGregor/Bloomberg via Getty Images)
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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 Betz

Brandy covered crypto-related venture capital deals for CoinDesk.

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FundingFunding RoundsCertiKSecurityVenture CapitalGoldman SachsLightspeed Venture PartnersSequoia Capital