Now on Demand: Threat Detection and Incident Response (TDIR) Summit - All Sessions Available
Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Cybersecurity Funding

Blockchain Security Provider CertiK Raises $80 Million

Blockchain security provider CertiK on Wednesday announced that it has closed an $80 million Series B2 funding round, the third within four months.

The company has raised over $140 million to date, with the latest investment round, the largest so far, boosting CertiK’s valuation close to the billion dollar mark.

Blockchain security provider CertiK on Wednesday announced that it has closed an $80 million Series B2 funding round, the third within four months.

The company has raised over $140 million to date, with the latest investment round, the largest so far, boosting CertiK’s valuation close to the billion dollar mark.

The new funding round was led by Sequoia Capital China. Existing investors Coatue Management, GL Ventures, and Tiger Global also contributed.

Founded in 2018, the New York City-headquartered company seeks to secure “the crypto world of blockchains and smart contracts,” to help build secure mission-critical applications.

The company claims to have experienced significant growth over the past year. It has increased its headcount four times, launched a continuous active-monitoring platform, and registered a 2,000% increase in the total number of users on the Security Leaderboard. CertiK says it serves more than 1,800 clients.

“Blockchain security is an indispensable link in the commercial value chain overall,” said a Sequoia spokesperson. “We are very proud to invest in CertiK, which is deeply involved in this field. This is an important addition to our global blockchain investment landscape. We believe that CertiK can create synergies with other companies we have invested in. Our goal is that Sequoia can provide CertiK with resources to jointly develop the blockchain security market.”

Related: Blockchain Security Company CertiK Raises $24 Million

Related: Privacy Startup Soveren Raises $6.5 Million Seed Round

Advertisement. Scroll to continue reading.

Related: IoT Security Company Shield-IoT Raises $7.4 Million

Related: Low Code/No Code App Security Firm Zenity Emerges From Stealth

Written By

Ionut Arghire is an international correspondent for SecurityWeek.

Click to comment

Trending

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 the session as we discuss the challenges and best practices for cybersecurity leaders managing cloud identities.

Register

SecurityWeek’s Ransomware Resilience and Recovery Summit helps businesses to plan, prepare, and recover from a ransomware incident.

Register

People on the Move

Wendy Zheng named as CFO and Joe Diamond as CMO at cyber asset management firm Axonius.

Intelligent document processing company ABBYY has hired Clayton C. Peddy as CISO.

Digital executive protection services provider BlackCloak has appointed Ryan Black as CISO.

More People On The Move

Expert Insights