Blockchain Security Firm CertiK Raises $37 Million

  • Coatue Management and Shunwei Capital co-led the round, which saw participation from Coinbase Ventures.
  • CertiK will use the funding to develop new products and expand its team.
Background of one hundred dollar bills

Shutterstock

In a press release published on 14 July, CertiK announced it has completed a $37 million Series B funding round, which was co-led by Coatue Management and Shunwei Capital and included participation from Coinbase Ventures. The funding will be used to accelerate the development of its products and expand its team. 

The company closed an $11 million funding round last year, which saw participation from notable investors, including Binance, IDG Capital, Yale University, and Lightspeed Venture Partners. Since then, CertiK has worked with over 600 new clients, resulting in a profitable first half of 2021.

In addition to providing code auditing to some of the largest DeFi projects in the industry, including Aave, Polygon, Binance Smart Chain, Terra, and Yearn, CertiK also provides an advanced security platform called Skynet. Skynet leverages on-chain and off-chain data, such as social sentiment, privileged governance control, and market volatility, to provide real-time insights into the security of DeFi applications. To date, Skynet has monitored over 2 million smart contract addresses and more than 2 billion on-chain transactions, aggregating these signals into individual security scores. 

Discussion
Related Coverage
Ledger Reportedly in Talks For $100M Funding Round
  • Unnamed sources have said that the company is currently in talks with interested parties to raise at least $100 million in a new funding round.
  • The same people noted that Ledger had experienced growth in its business over the past months, as investors turn to cold storage.
August 1, 2022, 6:28 PM
ledger

Shutterstock

Chainalysis Valued at $8.6B Following $170M Round
  • The Series F round has more than doubled Chainalysis’ valuation since last year, which is not surprising considering it has increased its customer base by 75%.
  • The company has claimed that its various tools are now responsible for monitoring around $1 trillion worth of transactions each month.
KuCoin Raises $150M, Announces Web3 Expansion
  • KuCoin’s $150 million pre-Series B funding round was led by Jump Crypto, and increased the valuation of the company to $10 billion.
  • KuCoin will use the funds to expand its product offerings, as well as build and invest into DeFi, GameFi, NFT, and crypto wallet platforms.