CertiK declares additional US$60 million investment

KUALA LUMPUR, April 25 (Bernama) -- CertiK, the leading global Web3 and blockchain security firm, has announced an additional US$60 million investment from SoftBank Vision Fund 2 and Tiger Global. (US$1 = RM4.332)

According to a statement, this marks SoftBank’s first venture into the Web3 security space.

“We’re very pleased with this follow-up to our latest round of transaction. These contributions further underscore the importance of web3 security and will help us to further protect the blockchain industry, and build trust in the crypto project community,” said CertiK founder and CEO, Ronghui Gu.

“Events such as cross-chain attacks, flash loans, rug pulls and more have demonstrated the need for end-to-end web3 security that we’re proud to be able to offer, including smart contract auditing, 24/7 threat monitoring, and KYC.”

Meanwhile, Managing Partner at SoftBank Investment Advisers, Dennis Chang said: “We believe CertiK combines deep expertise in cybersecurity, blockchains, and systems verification to provide companies with a leading solution in blockchain security and auditing. We are delighted to partner with Professor Gu and the team to support their mission of securing the Web3 world.”

CertiK’s US$88 million series B3 round and US$2 billion valuation were announced within the past month, led by Insight Partners. This additional funding brings the total amount invested in CertiK over the past nine months to US$290 million.

CertiK’s mission is to secure the Web3 world through an end-to-end set of security services, providing clients with a one-stop-shop for all their security needs.

The growing demand for Web3 security has driven the need for further development and operation of more innovative and data-driven security products for the blockchain industry.

CertiK is meeting these demands through innovative products like Security Leaderboard, Code Auditing, and Skynet, a 24/7 threat monitoring service. It also recently launched its KYC and fraud detection service in response to the growing trend around project rug-pulls and scams.

More details at https://www.certik.com/

-- BERNAMA