SoftBank leads $60M CertiK raise as demand for Web3 security grows
Web3 is generating a lot of opportunities for blockchain-native businesses, but it’s also creating serious security vulnerabilities. Blockchain security firm CertiK has raised $60 million in funding from SoftBank Vision Fund II and Tiger Global, further cementing its unicorn status after raising a combined $290 million over nine months.The raise comes at a time when the blockchain community is leading growth around Web3 application development and creating new use cases for virtual ecosystems, especially in gaming, nonfungible tokens (NFTs) and decentralized finance (DeFi). “When....
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Certik, a Web3 and blockchain auditing and security firm, has raised $88 million in its recent B3 funding round. The round, which was led by Tiger Global and included Goldman Sachs as an investor in the firm, gives the company a valuation of $2 billion. This doubles the valuation that Certik reached via its last funding round in November 2021.
Certik Reaches $2 Billion Valuation
Certik, a blockchain auditing firm, has closed its Series B3 financing round with a significant increase in investments. The company raised $88 million, with Tiger Global, Insight Partners, and Advent....
As cryptocurrency markets and DeFi become more lucrative, blockchain companies have recognized a growing need for security. Global blockchain security firm CertiK has concluded an $80 million investment round backed by some of crypto’s biggest venture funds, putting the company on track to reach the lofty $1 billion valuation mark in the foreseeable future. The Series B2 investment round was led by Sequoia, a California-based venture fund, with additional participation from Tiger Global, Coatue Management and GL Ventures, CertiK announced Wednesday. In the startup world, Series B or B2....
The multinational conglomerate holding company headquartered in Tokyo, Softbank operates a Latin America Fund that invests in startups focused on identification technology, e-commerce, education, fintech and now cryptocurrency solutions. The Softbank Latin America Fund revealed on Thursday that it invested $200 million in the crypto-asset exchange Mercado Bitcoin. Mercado Bitcoin’s $200M Capital Raise: Softbank Funds One of the largest Series B funding rounds in LATM The Softbank Latin America Fund has invested in Mercado Bitcoin’s parent company 2TM Group. The announcement....
An automated tool can help pick the low-hanging fruit vulnerabilities. Security company CertiK announced on Thursday the launch of QuickScan, an automated tool for scanning smart contracts for vulnerabilities.While it will not be a stand-alone tool, the suite is set to improve the analysis performed by the security oracles of CertiK Chain (CTK). QuickScan checks deployed smart contracts against a database of known vulnerabilities, using static and dynamic analysis techniques that check the bytecode, source code and access parameters for each smart contract.Daryl Hok, chief operating....
A majority of the phishing attacks recorded have been conducted on social media platforms that do not have account verification features. As Web3 adoption goes further and more beginners enter the space, hackers are becoming more active, with more phishing attacks being recorded in the latest quarter of 2022 and social media being noted as a major platform of choice for conducting the hacks. In the quarterly report of security firm Certik, the team has found a 170% increase in phishing attacks in the second quarter of 2022. According to the security firm, 106 attacks were recorded in the....