Blockchain security firm CertiK raises another $24 million

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Only one month after closing its Sequence B funding spherical, blockchain safety agency CertiK has raised one other $24 million in a Sequence B+ funding spherical. The brand new spherical was co-led by Tiger World and GL Ventures. There have been no different traders on this spherical, CertiK COO Daryl Hok informed The Block.

When requested why CertiK raised funds once more so quickly, Hok stated the agency’s development continues to speed up month over month, and when the 2 traders approached it, it determined to boost extra funds to strengthen its place available in the market.

“This extra capital will permit us to supply our safety advantages to the blockchain area in lockstep with the hyper-growth that the area has been experiencing,” stated Hok.

Tiger World accomplice Pengfei Wang stated for decentralized finance (DeFi) improvements to be absolutely trusted, safety should be the point of interest. “We’re proud to assist CertiK in elevating the requirements of safety with the rollout of Skynet Premium. The product pioneers a novel and demanding sector of the market: antivirus for blockchain,” stated Wang.


CertiK’s Skynet Premium is a great contracts auditing and monitoring platform that gives real-time alerts towards vulnerabilities. The instrument produces safety scores, which point out the danger potential for hacks and code malfunctions in a DeFi mission.

Skynet’s alerts and safety scores are publicly accessible at no cost, however its paid model offers extra detailed info on DeFi tasks. CertiK says it has served over 1,300 enterprise shoppers up to now and has detected over 23,000 vulnerabilities in blockchain codes, defending over $90 billion price of crypto.

With contemporary capital at hand, CertiK plans to additional improve its safety infrastructure and develop its world workforce. Final month, Hok said CertiK will double its present headcount is 100, however now the agency plans to triple its workforce measurement. “We’ve got reevaluated our hiring plan to be extra aligned with our development potential, so we’re wanting so as to add much more expertise within the upcoming months,” stated Hok.

The Sequence B+ funding spherical brings CertiK’s complete funding up to now to $72 million. Hok declined to touch upon the agency’s valuation however stated CertiK, which achieved profitability final yr, might elevate extra funds sooner or later if a chance arises.

© 2021 The Block Crypto, Inc. All Rights Reserved. This text is offered for informational functions solely. It’s not supplied or meant for use as authorized, tax, funding, monetary, or different recommendation.

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