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Blockchain Security Firm CertiK Confirms $88M Raise at $2B Valuation
The valuation was double from the last funding round in December.
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
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Brandy Betz
Brandy covered crypto-related venture capital deals for CoinDesk. She previously served as the Technology News Editor at Seeking Alpha and covered healthcare stocks for The Motley Fool. She doesn't currently own any substantial amount of crypto.
