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- CertiK
CertiK Valuation, Funding & Investors
CertiK is valued at $2B as of April 2022.
Last CertiK valuation
$2B
Series B · Apr 2022
Last CertiK funding round
$60M
Series B · Apr 2022
Cumulative funding CertiK raised
$300M
across 7 funding rounds
Key investors in CertiK
Tiger Global
Lightspeed Venture Partners
Sequoia Capital
Coatue
Hillhouse Investment
Wing Venture Capital
About CertiK
CertiK is a New York-based blockchain security auditor founded in 2018 by Yale and Columbia professors. The firm has secured over $200 billion in DeFi value through AI-driven smart contract audits and formal verification for protocols like Binance Smart Chain and Polygon. With 300 employees, it monitors 10,000 projects via Skynet platform, detecting exploits in real-time.
Founded
2018
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Services, Subscription
Valuation
$2B (Apr 2022)
CertiK Valuation
CertiK is currently valued at $2B, based on its Series B in April 2022.
The $60M round was led by SoftBank Group and Tiger Global, with participation from ZMT Capital.
CertiK's valuation has grown 2.0x from $1B at its Series B in December 2021 to $2B in April 2022, across 3 priced rounds.
CertiK valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Apr 2022 | Series B | $2B |
| Mar 2022 | Series B | $2B |
| Dec 2021 | Series B | $1B |
CertiK Funding History
CertiK has raised a total of $300M across 7 funding rounds.
CertiK's first fundraising round was a $4M seed round in March 2018. The most recent completed round was a $60M Series B in April 2022.
CertiK funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Apr 2022 | Series B | SoftBank Group (lead); Tiger Global (lead); ZMT Capital | $60M | $2B | CertiK is a New York-based blockchain security firm founded in 2018, specializing in smart contract auditing, 24/7 threat monitoring, KYC services, and end-to-end Web3 security solutions to protect crypto assets and build trust in the blockchain ecosystem. The company serves enterprise clients, having protected billions in assets and detected thousands of vulnerabilities. On April 22, 2022, CertiK raised an additional $60 million from SoftBank Vision Fund 2 and Tiger Global, following its $88 million Series B3 round led by Insight Partners at a $2 billion post-money valuation announced about one month earlier. This brought total funding over the prior nine months to $290 million, with prior raises including $24 million from Tiger Global and $80 million in earlier rounds. Investors also include Binance (largest backer), Sequoia Capital, Goldman Sachs, and Coinbase. The funding addresses surging demand for Web3 security amid over $1.3 billion in crypto losses in 2021 and $1 billion in Q1 2022 from bridge attacks and flash loans. CertiK's Skynet Premium offers blockchain antivirus capabilities, supporting hyper-growth with over 1,300 enterprise clients, $90 billion in protected assets, and 23,000 vulnerabilities detected by early 2022. Later reports note CertiK served over 5,000 clients and reviewed code for $600 billion in assets, with plans for an IPO targeting $2 billion valuation, though no concrete timeline was set. |
| Mar 2022 | Series B | Advent International (lead); Insight Partners (lead); Tiger Global (lead); Goldman Sachs; Sequoia Capital; Lightspeed Venture Partners | $88M | $2B | CertiK is a New York-based Web3 and blockchain security firm founded in 2018, providing auditing services for smart contracts, blockchain protocols, and Web3 applications, along with continuous monitoring via its Skynet platform, KYC, and fraud investigation services. The company has protected over $300 billion in cryptocurrency assets for more than 2,500-3,200 enterprise clients and supports 60% of listed blockchain projects using third-party security audits. In 2021, CertiK reported revenue growth of 1,200% (or 12x per some sources) and profits increased by a factor of 3,000, achieving profitability, though absolute figures were not disclosed. On April 7, 2022, CertiK closed an oversubscribed $88 million Series B3 funding round led by Insight Partners, Tiger Global, and Advent International, with participation from Goldman Sachs, Sequoia Capital, and Lightspeed Venture Partners. This marked the fourth round in nine months, totaling $230 million raised, and doubled the company's valuation to $2 billion post-money from the prior round three months earlier. The investors highlighted CertiK's leadership in blockchain cybersecurity amid rising crypto losses, exceeding $1 billion in 2022 alone compared to $1.3 billion for all of 2021. Proceeds from the round were allocated to developing innovative, data-driven security products and expanding its end-to-end Web3 security offerings, including enhanced KYC amid trends like rug-pulls. CertiK emphasized its profitable status and untapped prior funds, positioning it to build a comprehensive security platform for the growing decentralized ecosystem facing exploits and fraud. |
| Dec 2021 | Series B | Sequoia Capital (lead); Hillhouse Investment; Lightspeed Venture Partners; Tiger Global; Coatue | $80M | $1B | CertiK, a New York-based blockchain security firm founded by Yale and Columbia professors, provides smart contract auditing, formal verification, on-chain monitoring, and protection for blockchain projects. On December 1, 2021, it closed an $80 million Series B2 funding round led by Sequoia Capital China, with participation from Tiger Global, Coatue Management, and GL Ventures (Hillhouse Capital’s VC arm), bringing its post-money valuation to nearly $1 billion. This marked the largest single round in blockchain security at the time and the third raise in four months, totaling over $140 million. The company reported explosive growth in the prior year, with revenues increasing 20x, headcount expanding 4x, services to over 1,800 clients, detection of 31,000 vulnerabilities, and protection of $310 billion in digital assets. Funds from the round, combined with revenue from products like Skynet and Security Leaderboard, will support development of additional SaaS security tools including auditing, monitoring, detection, and smart contract protection. CertiK aims to secure the cyber world starting with blockchain, applying academic innovations to enterprise applications. Backed by prominent investors including Binance, Coinbase Ventures, and Lightspeed alongside this round's participants, it positions itself as a leader in mission-critical blockchain security amid rapid industry growth. |
| Aug 2021 | Series B | Hillhouse Investment (lead); Tiger Global (lead) | $24M | - | CertiK, a New York-based blockchain security firm founded by Yale and Columbia computer science professors, announced a $24 million Series B+ funding round on August 17, 2021, led by Tiger Global and GL Ventures (Hillhouse Capital's VC arm). This followed a $37M Series B in July with Coatue Management, Shunwei Capital, and Coinbase Ventures, bringing total fundraising to over $70M. The funds support hyper-growth, team expansion, and development of security tech like Skynet Premium, an active-monitoring platform for real-time alerts on deployed smart contracts. At the time, CertiK had served over 1,300 enterprise clients, protected $90 billion in digital assets, and detected 23,000 vulnerabilities in blockchain code. The company was recognized as 'Security Project of the Year' at the 2021 Binance Smart Chain Awards for auditing hundreds of projects and enhancing transparency. This round preceded an $80M Series B2 shortly after, led by Sequoia Capital China with Tiger Global, Coatue, and GL Ventures, achieving nearly $1B valuation and unicorn status, with total funding over $140M. CertiK provides security audits, formal verification, machine learning-based threat detection, and tools like the Security Leaderboard. Later rounds included a $88M B3 at $2B valuation in 2022 led by Insight Partners, Tiger Global, and Advent. |
| Jul 2021 | Series B | Coatue (lead); Coinbase Ventures; Shunwei Capital | $37M | - | CertiK, founded in 2018 by Yale and Columbia professors Ronghui Gu and Zhong Shao, provides AI-powered blockchain security audits and monitoring for protocols and smart contracts, including its Skynet real-time security platform. The company announced a $37M Series B funding round on July 14, 2021, co-led by Coatue Management and Shunwei Capital, with participation from Coinbase Ventures, marking the largest single round in blockchain security at the time. This followed a prior $11M raise less than a year earlier, bringing total funding over $48M from backers including IDG Capital, Binance, Lightspeed Venture Partners, and Yale University. By mid-2021, CertiK had secured over $70B in digital assets, worked with more than 600 new clients since the previous round, doubled its team size since Q1 2020, and achieved profitable H1 2021 revenues that more than quadrupled full-year 2020 revenues. The funds were allocated to accelerate product development, enhance end-to-end security capabilities, and expand its global remote team. CertiK positioned itself as a leader amid rapid DeFi growth, emphasizing security's critical role as quoted by Coatue partner Kai Jiang. |
| Jun 2020 | Series A | IDG Capital (lead); Foothill Ventures; Ausvic Capital; Wing Venture Capital; Lenovo | $8M | - | CertiK provides blockchain security audits and monitoring using AI and formal verification for Web3 protocols and smart contracts. The company offers Skynet, a platform leveraging on-chain and off-chain data for security insights. In June 2020, CertiK raised a $7.7M Series A round with investors including IDG Capital, Wing, and Tsingyuan Ventures. Subsequent rounds included a $37M Series B in July 2021 and multiple Series B extensions in 2021-2022, bringing total funding to approximately $297M-$300M across 11 rounds. |
| Mar 2018 | Seed | Lightspeed Venture Partners (lead); YZi Labs (lead); Nirvana Capital; DHVC; Continue Capital; Wing Venture Capital | $4M | - | - |
Who has invested in CertiK?
21 investors have backed CertiK across its funding rounds, including Tiger Global, Lightspeed Venture Partners, Sequoia Capital, Coatue, Hillhouse Investment and Wing Venture Capital.
Lead investors include SoftBank Group, Tiger Global, Advent International, Insight Partners, Sequoia Capital and 5 other investors.
CertiK Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | Aug 2021 | ||
| 3 | Lead | Mar 2018 | ||
| 2 | Lead | Aug 2021 | ||
| 2 | Lead | Dec 2021 | ||
| 2 | Lead | Jul 2021 | ||
| 2 | Participant | Mar 2018 | ||
| 1 | Participant | Mar 2018 | ||
| 1 | Lead | Apr 2022 | ||
| 1 | Lead | Jun 2020 | ||
| 1 | Participant | Jul 2021 | ||
| 1 | Participant | Jun 2020 | ||
| 1 | Participant | Jul 2021 | ||
| 1 | Participant | Mar 2022 | ||
This data is available for Pro users. Sign up to see all 21 CertiK investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialInvestments by CertiK
CertiK has invested in 2 companies to date.
Latest investment by CertiK was on February 13th 2025. CertiK invested in Teneo Protocol in their $3M Seed round.
Latest Investments by CertiK
| Description | Teneo Protocol is a Zug-based decentralized physical infrastructure network launched in 2023. It incentivizes operators to deploy wireless hotspots and edge nodes via blockchain rewards on Solana. The DePIN model shares bandwidth for IoT connectivity and 5G offloading in underserved areas. Participants earn TNO tokens for uptime and coverage, with hardware kits compatible with Helium and Pollen Mobile standards. Teneo expands coverage in Europe and Latin America through community-owned networks. | Playbux is a metaverse e-commerce platform where users shop from global merchants and earn cashback rewards. The system integrates cryptocurrency exchanges, decentralized lending protocols, and NFT marketplaces into a unified interface for seamless access. Built on blockchain technology, it supports transactions in multiple tokens and provides virtual storefronts for brands. Playbux operates primarily in Southeast Asia and Europe, with plans to expand merchant partnerships to include major retailers like Alibaba affiliates. |
| HQ Country | ||
| HQ City | Vienna | California City, CA |
| Deal Date | 13 Feb 2025 | 21 Apr 2023 |
| Round | Seed | Seed |
| Raised | $3M | $2M |
| Investors | Token Ventures; X Ventures; Venionaire Capital; MN Capital; EOT Ventures; Generative Ventures; RockawayX; Borderless Capital; Outlier Ventures; Moonrock Capital; Advanced Blockchain | Gate; MathWallet; Old Fashion Research; TRON; ANKR; YZi Labs; LIF; IMO Ventures |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all CertiK investments and their VC round multiples. Start Free Trial | ||
CertiK Competitors
CertiK competitors include listed companies like Mitek Systems and A10 Networks, and private ones like Ledger, BitSight, Optimism and Boba Network.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $71M | - | $1.3B | 18.3x | ||
| Private | $200M | - | $2.4B | 12.0x | ||
| Private | $45M | - | $1.6B | 36.7x | ||
| Private | - | - | $1.5B | - | ||
| Publicly listed | $180M | $37M | $781M | 3.7x | ||
| Publicly listed | $291M | $62M | $2B | 5.7x |
CertiK Public Comps
CertiK is still privately-owned, but its public comps include A10 Networks, CETC Cyberspace Security, Sharplink, Progress Software, Venustech Group, CloudWalk, Secunet, Securitize, DPtech and QiAnXin.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $291M | $62M | 6.3x | 5.7x | 29.4x | 19.1x | |||
| $338M | $20M | 4.5x | - | 73.6x | - | |||
| $28M | ($734M) | 61.9x | 39.9x | (2.4x) | 141.1x | |||
| $978M | $302M | 3.0x | 2.9x | 9.6x | 7.3x | |||
| $349M | ($60M) | 6.6x | 6.0x | (38.4x) | (176057.4x) | |||
| $75M | ($75M) | 18.8x | 19.1x | (18.7x) | - | |||
| $528M | $86M | 2.8x | 2.6x | 17.3x | 16.3x | |||
| $62M | ($34M) | 25.5x | 22.2x | (46.0x) | (37910.8x) | |||
This data is available for Pro users. Sign up to see all CertiK competitors and their valuation data. Start Free Trial | ||||||||
Common questions about CertiK
| When was CertiK founded? | CertiK was founded in 2018. |
| Where is CertiK headquartered? | CertiK is headquartered in New York City, NY, United States. |
| Is CertiK publicly listed? | No, CertiK is a private, VC-backed company. |
| What is CertiK's valuation? | CertiK was last valued at $2B in its Series B in April 2022. |
| How much funding has CertiK raised? | CertiK has raised $300M across 7 funding rounds. |
| What was CertiK's last funding round? | CertiK's last funding round was a $60M Series B in April 2022, led by SoftBank Group and Tiger Global. |
| Who are CertiK's investors? | CertiK's investors include Tiger Global, Lightspeed Venture Partners, Hillhouse Investment, Sequoia Capital, Coatue, Wing Venture Capital, Nirvana Capital, SoftBank Group, IDG Capital, Coinbase Ventures and 11 others. |
| Which companies are comparable to CertiK? | Companies comparable to CertiK include Ledger, BitSight, Optimism, Boba Network, Mitek Systems and A10 Networks. |
| How many companies has CertiK invested in? | CertiK has invested in 2 companies, including Teneo Protocol and Playbux. |
| What was CertiK's last investment? | In February 2025, CertiK invested in Teneo Protocol's $3M seed round alongside Token Ventures, X Ventures, Venionaire Capital and 8 other investors. |
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