Blockchain Security startup CertiK secured $24 Million in Tiger Global led funding round

CertiK, a New York-based blockchain Security Company has now secured $24 million in a Series B+ funding round.

CertiK offers a blockchain platform that allows users to build mission-critical applications with security and correctness. Skynet Premium is an active monitoring platform, which enables real-time alerts on live smart contracts that have already been deployed.

CertiK has collectively served more than 1000 customers, protected around $90 billion worth of digital assets, and detected over 20000 vulnerabilities in blockchain code.

Pengfei Wang, partner at Tiger Global, said, 'The meteoric rise of decentralized finance has given millions of people the opportunity to become their own bank. Yet for the innovations to be fully trusted, security must be the focal point. We’re proud to support CertiK in raising the standards of security with the rollout of Skynet Premium. The product pioneers a novel and critical sector of the market: antivirus for blockchain."

According to Zion Market Research report, blockchain in the security market is expected to reach $16.2 Billion by 2028.

The latest funding supports CertiK's machine learning powered Skynet Premium offering which works as an antivirus for blockchain. The platform also has a publicly available feed of security scores for each project on the Security Leaderboard. 

Tiger Global and GL Ventures led the latest funding round for the blockchain security startup. Previously CertiK has secured $37 million in Series B July from Shunwei Capital, Coatue Management, and Coinbase Ventures, notes the announcement.