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CertiK (CTK) Raises $88 Million at $2 Billion Valuation

Blockchain security firm CertiK said on Thursday that it has raised $88 million in a new round of funding.

The extended Series B round is valued at $2 billion, co-led by Insight Partners, Tiger Global and Advent International. Other participants in this round are Goldman Sachs, Sequoia Capital and Lightspeed Venture Partners.

The round doubled CTK’s valuation from a $80 million funding round in December, led by Sequoia Capital China.

CertiK provides the active monitoring platform Skynet to protect blockchains from cyberattacks, and the Security Leaderboard, a security rating platform for blockchain protocols and decentralized finance.

CertiK completes funding at a sensitive and critical time in blockchain security after the $625 million hack of Ronin, the network behind the popular cryptocurrency game Axie Infinity.