Blockchain security firm CertiK raises $37M in series B funding round

The blockchain security firm CertiK announced that it has raised $37 million in the funding round to expand its product and security capabilities for the cryptocurrency and DeFi industries.

Blockchain security firm CertiK raises $37M in series B funding round

The blockchain security firm CertiK announced that it has raised $37 million in the funding round to expand its product and security capabilities for the cryptocurrency and DeFi industries. 

The Series B funding round was co-led by Coatue Management and Shunwei Capital, along with participation from Coinbase Ventures.

CertiK co-founder Professor Ronghu Gu said, “We’re proud to advance transparency in the space by providing the tools and resources, including our official audit reports, so the community can make sense of vital security information.”

The blockchain security firm has gained popularity for its Skynet platform, which uses on-chain and off-chain data to provide real-time insights into the security status of DeFi applications. To date, Skynet has monitored over 2 million smart contract addresses and more than 2 billion on-chain transactions.

CertiK released its real-time smart contract auditing blockchain in October 2020. Within a month, it implemented an automated tool for scanning smart contract vulnerabilities.

As the crypto and DeFi sector is growing rapidly, CertiK has emerged as one of the major security companies in the market. In addition to the venture capital stalwarts that supported its Series B fundraiser, the company is also backed by IDG Capital, Binance, Yale University, Lightspeed Venture, and several other ventures.

Read: The High Court Of India called for disclaimers on crypto advertising

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