Blockchain Security Firm CertiK Confirms $88M Raise At $2B Valuation

CertiK, a blockchain security company, announced on Thursday that it had raised $88 million in a new funding round, which confirms reports published last week.

Insight Partners, Tiger Global and Advent International co-led the extended Series B round of funding, valued at $2 billion. Among the other investors were Goldman Sachs, Sequoia Capital, and Lightspeed Venture Partners.

The round more than doubled CertiK’s valuation from the $80 million funding round in December, which was led by Sequoia Capital China.

Among the products offered by CertiK are the Skynet active monitoring platform for defending blockchains against cyberattacks and the Security Leaderboard, an app for ranking the security level of blockchain platforms and decentralized finance apps.

The latest funding round comes at an important time in blockchain security following the recent disclosure of a $625 million exploit on Ronin, the network behind popular crypto game Axie Infinity.