CertiK Raises US$88M in Series B3; Valued at $2 Billion


CertiK, a NYC-based global Web3, and blockchain security company, closed an $88m Series B3 financing round.

The round, which brings valuation to $2 billion, was led by Insight Partners, Tiger Global, and Advent International, with participation from Goldman Sachs and existing investors such as Sequoia and Lightspeed Venture Partners.

The company intends to use the funds for the development and operation of more innovative and data-driven security products.

Founded by computer science professors Ronghui Gu and Zhong Shao, CertiK aims to secure the Web3 world by applying innovations from academia into Enterprise to enable mission-critical blockchain applications to be built with security and correctness. Its auditing service provides pre-deployment auditing and formal verification for smart contracts, blockchain protocols, and Web3 apps, while Skynet provides on-chain 24/7 active monitoring of security threats. CertiK also recently launched its Know Your Customer (“KYC”) and fraud investigation service this year.

To date, CertiK has protected over $300 billion worth of crypto assets for well over 3,200 enterprise clients.