Certik, which provides smart contract audits and other blockchain security services, announced another $60 million funding round. SoftBank Vision Fund 2 as a new investor, joining Tiger Global. Tiger participated in the $88 million round announced less than two weeks ago, which included Goldman Sachs. Over the last nine months, Certik has raised $290 million over four rounds.
“Adoption of Web3 is booming, but concerns around security are holding it back from reaching its full potential,” said Dennis Chang, Managing Partner at SoftBank Investment Advisers. “We believe CertiK combines deep expertise in cybersecurity, blockchains, and systems verification to provide companies with a leading solution in blockchain security and auditing. We are delighted to partner with Professor Gu and the team to support their mission of securing the Web3 world.”
Apart from smart contract audits, it has an automated solution to check for security vulnerabilities, Skynet. But the corporate interest may be partly coming from its new KYC and fraud detection service.
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