CONFERENCE On Demand: Cyber AI & Automation Summit - Watch Now
Connect with us

Hi, what are you looking for?


Application Security

Blockaid Emerges From Stealth With $33 Million Investment

Blockaid raises a Series A funding round to build technology to secure blockchain applications from hacks and scams.

Blockchain application security startup Blockaid today announced that it has emerged from stealth mode with a $33 million Series A investment.

The financing was led by Ribbit Capital and Variant, with additional investment from Cyberstarts, Greylock Partners, and Sequoia Capital.

Founded in 2022, with offices in New York and Tel Aviv, the web3 security company is working on technology to secure blockchain applications from hacks and scams.

According to Blockaid, the technology can be used to scan, simulate, and validate transactions before they are executed, to prevent fraud, hacks, and phishing attacks before they happen. Blockaid already works with wallets and dApps such as MetaMask, OpenSea, Rainbow, and Zerion.

The company says it has blocked more than 1.2 million malicious transactions over the past three months, preventing over $500 million in user funds from being compromised.

Blockaid says its product is compatible with all blockchain networks and that it can simulate both off-chain signatures (EIP-712s) and on-chain transactions as effectively.

“Our unique architecture ingests vast amounts of data collected from scanning, simulating, and validating dApps and transactions across the web. The more transactions and dApps Blockaid sees, the more our models improve,” the company explains.

The company says it will use the new investment to scale its products and team and expand its customer base.

Advertisement. Scroll to continue reading.

Related: Fraud Detection Firm Spec Raises $15 Million

Related: CipherStash Raises $3 Million for Encryption-in-Use Technology

Related: Fraud Prevention Firm Fingerprint Raises $33 Million

Related: Anonybit Raises $3 Million for Biometric Authentication Platform

Written By

Ionut Arghire is an international correspondent for SecurityWeek.

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Join us as we delve into the transformative potential of AI, predictive ChatGPT-like tools and automation to detect and defend against cyberattacks.


As cybersecurity breaches and incidents escalate, the cyber insurance ecosystem is undergoing rapid and transformational change.


Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Cybersecurity Funding

SecurityWeek investigates how political/economic conditions will affect venture capital funding for cybersecurity firms during 2023.

Cyber Insurance

Cyberinsurance and protection firm Boxx Insurance raises $14.4 million in a Series B funding round led by Zurich Insurance.

Cybersecurity Funding

2022 Cybersecurity Year in Review: Top news headlines and trends that impacted the security ecosystem

Cybersecurity Funding

Network security provider Corsa Security last week announced that it has raised $10 million from Roadmap Capital. To date, the company has raised $50...


Thirty-five cybersecurity-related M&A deals were announced in February 2023


Forty-one cybersecurity-related M&A deals were announced in March 2023.