Blockchain Security Firm CertiK Raises $24M in Series B+ Funding Round
17 Aug, 2021•1 min read•Blockchain
Blockchain cybersecurity startup CertiK raised $24 million in an extension of its Series B funding round led by Tiger Global and GL Ventures.
The round brings CertiK’s total fundraising to more than $70 million. In July, CertiK raised $37 million in a funding round co-led by Coatue Management and Shunwei Capital, with participation from Coinbase Ventures. The firm said it is entering a stage of “hyper-growth” with the expansion of its team and development of security-focused tech. The blockchain and smart-contract security firm’s backers include Binance, IDG Capital, Lightspeed Venture Partners and Yale University. The raise reflects the explosive growth in decentralized finance (DeFi), which runs on automated smart-contract code and decentralized exchanges, some of which are subject to bugs and hacks.