CertiK, a NYC-based blockchain security company, raised $37M in Series B funding.
The round was co-led by Coatue Management and Shunwei Capital, with participation from Coinbase Ventures.
The funding will be used to accelerate the development of innovative products, deepen end-to-end security capabilities, and expand the team with additional talent.
Founded in 2018 by professors of Yale University and Columbia University, CertiK is a blockchain security company, utilizing AI technology to audit and monitor blockchain protocols and smart contracts. Since closing $11M in funding under a year ago, the company has worked with over 600 new clients, resulting in profitable H1 2021 revenues that have more than quadrupled the revenue of the full 2020 year. CertiK has over $70 billion worth of digital asset value, including leading projects such as Aave, Polygon, Binance Smart Chain, Terra, Yearn, and Chiliz.
In addition to code auditing, CertiK offers an advanced platform, Skynet, that leverages on-chain and off-chain data – including social sentiment, privileged governance controls, market volatility, suspicious transactions, and more – 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. Skynet aggregates these signals into individual security scores, publicly ranking projects on the Security Leaderboard to foster accountability. This platform enables crypto users to perform in-depth analysis on their favorite projects, alleviating the centralized role of security auditors.
FinSMEs
15/07/2021