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

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.

Read more: Blockchain Security Firm CertiK Just Raised $88M, SEC Docs Show