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.

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.”

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Ionut Arghire is an international correspondent for SecurityWeek.

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