Blockchain Security Firm CertiK Raises $24M in Funding Round

The company has now raised more than $70 million.

Aug 17, 2021 at 1:02 p.m. UTC
Updated Sep 14, 2021 at 1:41 p.m. UTC

Blockchain cybersecurity startup CertiK raised $24 million in an extension of its Series B funding round that was led by Tiger Global Management and GL Ventures.

  • The round brings CertiK’s total fundraising to more than $70 million.
  • In July, CertiK raised $37 million in a funding round that was co-led by Coatue Management and Shunwei Capital with participation from Coinbase Ventures.
  • The firm said it is entering a stage of “hyper-growth” with the expansion of its staff and development of security-focused technology.
  • The blockchain and smart-contract security firm’s backers include Binance, IDG Capital, Lightspeed Venture Partners and Yale University.
  • The funding reflects the explosive growth in decentralized finance (DeFi), which runs on automated smart-contract code and decentralized exchanges, some of which are subject to bugs and hacks.
The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
CoinDesk - Unknown
After the Terra Meltdown: What's Next for Stablecoins?

The largest token collapse in crypto history. So let Luna die.

The largest token collapse in crypto history. So let Luna die.

CoinDesk - Unknown
2
CoinDesk - Unknown
5 Key Takeaways From a16z's State of Crypto Report

The venture firm is extremely bullish on Web 3.

The venture firm is extremely bullish on Web 3.

CoinDesk - Unknown
3
CoinDesk - Unknown
Regulators Are Paying Attention to UST

The collapse of terraUSD (UST) is algorithmic stablecoins’ Libra moment.

The collapse of terraUSD (UST) is algorithmic stablecoins’ Libra moment.

CoinDesk - Unknown
4
CoinDesk - Unknown
San Francisco NFL Player Alex Barrett Taking His Salary in Bitcoin

The most valuable crypto stories for Thursday, May 20, 2022.

The most valuable crypto stories for Thursday, May 20, 2022.

CoinDesk - Unknown