CertiK Closes $80M Investment Round at a Nearly $1B Valuation

CertiK | Dec 1, 2021

We’ve got some exciting news to share with you: CertiK recently closed an $80M, Series B2 round of financial funding. What makes this so interesting is that this round not only is the single largest round of fundraising for a company in the blockchain security space, but this funding now brings CertiK’s total valuation to nearly $1 Billion.

CertiK Closes $80M Investment Round at a Nearly $1B Valuation

CertiK co-founders Prof. Ronghui Gu (left) and Prof. Zhong Shao

The B2 round investment was led by Sequoia Capital China, with participation from existing investors Tiger Global, Coatue Management, and GL Ventures (a Hillhouse Capital’s VC arm). This is CertiK’s third round of funding within four months, and brings the total investment in the company to just over $140M.

It’s been an incredible journey so far at CertiK, and it's only going to get more exciting. The company has grown substantially, both in people, and revenue, as well as new products. 

The company’s revenue growth numbers are very strong, and don't seem to be slowing down anytime soon. Over the past year the company has increased its revenue by 20x.

CertiK has increased its headcount by 4x in the past year and is still actively hiring. Recently, Dr. David Tarditi joined CertiK as Vice President of Engineering. Dr Tarditi has over 16 years of experience growing and leading engineering and research teams at Microsoft. He is also the inventor and co-inventor of 22 patents and has carried out research on typed intermediate languages, which gives compiler developers proof of compiler phases maintaining key correctness properties of input source code. In addition, Monier Jalal, who has over 20 years of leadership in the cybersecurity space, has also joined CertiK as Vice President of Marketing. Mr. Jalal has helped companies successfully market and launch products and has been part of the founder and executive leadership team driving the growth, acquisition, and IPO for several cybersecurity startups. 

Things are no different on the product front. CertiK recently released Skynet, a 24/7 active-monitoring platform that detects and protects blockchains against sophisticated attacks. Both Security Leaderboard and Skynet are seeing incredible growth. Since the end of 2020, Skynet booked revenue has grown 2,300%, and the total number of users on the Security Leaderboard has grown 2,000%. You can expect to see more product releases soon, as CertiK continues to innovate in this space.

CertiK is on a mission to globally secure the crypto world of blockchains and smart contracts. CertiK has already demonstrated this through tremendous growth of its business, and support of security audits for a large volume of over 1800 clients so far. We want to thank everyone for their support, and look forward to sharing more exciting news in the future as we continue on our mission.