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.