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- CHEQ
CHEQ Revenue, Valuation, Funding & Investors
CHEQ is valued at $1B as of February 2022.
Last CHEQ valuation
$1B
Series C · Feb 2022
Last CHEQ funding round
$150M
Series C · Feb 2022
CHEQ revenue
$4M
Series C · Feb 2022
Key investors in CHEQ
Battery Ventures
Phoenix Financial
Tiger Global
Hanaco Venture Capital
MizMaa Ventures
Key 1 Capital
About CHEQ
CHEQ is a New York-based cybersecurity company protecting brands from bots, AI agents, and online threats using a triple-layer intelligence engine analyzing over six trillion signals daily from one million domains. Trusted by more than 15,000 enterprises including Fortune 50 firms, CHEQ integrates with marketing and security tools, achieving a false positive rate below 0.009 percent. The Tel Aviv-headquartered firm operates globally to secure customer journeys.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Revenue
$4M (Feb 2022)
Valuation
$1B (Feb 2022)
CHEQ Valuation
CHEQ is currently valued at $1B, based on its Series C in February 2022.
The $150M round was led by Tiger Global, with participation from Battery Ventures, Hanaco Venture Capital, Key 1 Capital and Phoenix Financial.
CHEQ's valuation has moved from $1B at its Series B in November 2019 to $1B in February 2022, across 2 priced rounds.
CHEQ valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Feb 2022 | Series C | $1B | 250.0x |
| Nov 2019 | Series B | $1B | - |
CHEQ Revenue
CHEQ's latest recorded revenue is $4M, as of its Series C in February 2022.
CHEQ revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Feb 2022 | $4M | $1B | 250.0x | Series C |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
CHEQ Funding History
CHEQ has raised a total of $182M across 4 funding rounds.
CHEQ's first fundraising round was a $1M seed round in March 2016. The most recent completed round was a $150M Series C in February 2022.
CHEQ funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Feb 2022 | Series C | Tiger Global (lead); Battery Ventures; Hanaco Venture Capital; Key 1 Capital; Phoenix Financial | $150M | $1B | CHEQ is a cybersecurity company specializing in go-to-market security (GTMSec), protecting the human-AI customer journey by distinguishing legitimate users from bots, agents, or bad actors, trusted by over 15,000 brands. CHEQ demonstrates growth potential through partnerships in blockchain, decentralized identity (e.g., cheqd, VERA, Dock), and support for over 80,000 wallets, positioning it in AI integrity, identity management, and privacy-first security. Competitors include Netskope, Zscaler, Check, and others in IT security and advertising tech. On February 22, 2022, CHEQ raised $150M in a Series C round led by Tiger Global, with participation from Battery Ventures, Hanaco Ventures (also listed as Hanaco Venture Capital), Key1 Capital (also Key 1 Capital), and The Phoenix (also Phoenix Financial), bringing total funding to around $171M-$182M across multiple rounds. The round funded expansion efforts, including a new operation in Latin America announced shortly after in March 2022 to address high bot and fake user rates in the region. |
| Nov 2019 | Series B | Battery Ventures (lead); MizMaa Ventures (lead); Phoenix Financial | $26M | $1B | CHEQ is an Israeli cybersecurity startup founded in 2016 that develops AI and natural language processing technologies to combat ad fraud, ensure brand safety, improve viewability, and protect online advertisers across display, video, connected TV, and console gaming markets. The company operates offices in New York, Tokyo, and Tel Aviv, positioning itself as a leader in go-to-market security solutions for digital advertising. On November 19-20, 2019, CHEQ raised approximately $16-26 million in a Series B funding round led by Battery Ventures and MizMaa Ventures, with some sources mentioning Phoenix Financial involvement. This round brought total funding to around $22 million at the time, following a prior $5-6 million Series A also led by Battery Ventures. Funds were earmarked to advance product capabilities, scale development, expand into enterprise markets, and target emerging media like CTV and gaming. CHEQ was recognized on CNBC's Upstart 100 list of promising startups. Investors highlighted the team's expertise, deep technology, sustainable unit economics, and the massive ad fraud market opportunity. This preceded larger rounds, including a $150 million Series C in February 2022 at $1 billion valuation led by Tiger Global, pushing total funding over $180 million. |
| Jun 2018 | Series A | Battery Ventures (lead) | $5M | - | CHEQ raised $5 million in Series A funding led by Battery Ventures in June 2018. The company, founded in 2016, develops Go-to-Market Security solutions to protect businesses from invalid traffic, fake visitors, fraudsters, and malicious bot traffic. Most of the Series A funding was directed toward further product development, with CEO Guy Tytunovich noting that 80 percent of the team consists of developers. The company would go on to raise subsequent rounds, including a $16 million Series B and ultimately a $150 million Series C at a $1 billion valuation in February 2022. |
| Mar 2016 | Seed | Ehud Levy | $1M | - | - |
Who has invested in CHEQ?
7 investors have backed CHEQ across its funding rounds, including Battery Ventures, Phoenix Financial, Tiger Global, Hanaco Venture Capital, MizMaa Ventures and Key 1 Capital.
Lead investors include Tiger Global, Battery Ventures and MizMaa Ventures.
CHEQ Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Jun 2018 | ||
| 2 | Participant | Nov 2019 | ||
| 1 | Participant | Mar 2016 | ||
| 1 | Participant | Feb 2022 | ||
| 1 | Participant | Feb 2022 | ||
This data is available for Pro users. Sign up to see all 7 CHEQ investors. Start Free Trial | ||||
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Start Free TrialAcquisitions by CHEQ
CHEQ has acquired 3 companies to date.
Last acquisition by CHEQ was on January 30th 2025. CHEQ acquired Deduce for undisclosed valuation.
Latest Acquisitions by CHEQ
| Description | Deduce is a Sunnyvale-based identity security company that shields businesses and consumers from account takeovers, data breaches, and identity fraud. The platform employs risk-scoring algorithms and behavioral analytics across an extensive consumer identity graph to detect and prevent fraud in real time. Organizations leverage Deduce's shared threat intelligence network to strengthen cybersecurity while unlocking insights from identity data. | Ensighten is a San Francisco-headquartered provider of client-side website security through the MarSec platform. The solution protects against data leakage, ad injection and intrusions while ensuring CCPA and GDPR compliance for global brands. Ensighten secures web performance for enterprises in finance, retail and technology sectors. | ClickCease by CHEQ is a Tel Aviv-based click fraud prevention tool founded in 2014 that safeguards Google Ads and Microsoft Advertising campaigns. Acquired by CHEQ in 2020, it employs machine learning algorithms to detect and block invalid clicks from bots, competitors, and farms in real-time. The service recovers ad budgets for PPC advertisers worldwide through automated IP blacklisting and detailed reporting. |
| HQ Country | |||
| HQ City | Philadelphia, PA | San Francisco, CA | Tel Aviv |
| Deal Date | 30 Jan 2025 | 30 Aug 2022 | 23 Sep 2020 |
| Valuation | undisclosed | undisclosed | undisclosed |
| EV/Revenue | |||
| EV/EBITDA | |||
This data is available for Pro users. Sign up to see all CHEQ acquisitions and their M&A valuation multiples. Start Free Trial | |||
CHEQ Competitors
CHEQ competitors include listed companies like Taboola, Vobile and Ibotta, and private ones like iSpot.tv, Swiftly and Outbrain.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $75M | - | $1B | 13.3x | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $1.9B | $121M | $993M | 0.5x | ||
| Publicly listed | $366M | $63M | $976M | 2.6x | ||
| Publicly listed | $342M | $7M | $972M | 2.4x | ||
| Private | $950M | - | $921M | 1.0x |
CHEQ Public Comps
CHEQ is still privately-owned, but its public comps include Taboola, Vobile, Ibotta, NSFOCUS, BeiJing Certificate, MNTN, Yubico, Rapid7, Eastcompeace Tech and Red Violet.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.9B | $121M | 0.5x | 0.5x | 8.4x | 4.5x | |||
| $366M | $63M | 3.1x | 2.6x | 18.0x | 20.1x | |||
| $342M | $7M | 2.5x | 2.4x | 114.9x | 15.3x | |||
| $379M | $37M | 2.6x | 2.4x | 26.1x | 25.6x | |||
| $125M | ($12M) | 6.7x | - | (70.9x) | - | |||
| $290M | ($10M) | 2.1x | 1.8x | (63.5x) | 6.7x | |||
| $226M | $19M | 3.3x | 3.2x | 39.7x | 25.6x | |||
| $860M | $63M | 1.3x | 1.3x | 17.4x | 6.8x | |||
This data is available for Pro users. Sign up to see all CHEQ competitors and their valuation data. Start Free Trial | ||||||||
Common questions about CHEQ
| When was CHEQ founded? | CHEQ was founded in 2016. |
| Where is CHEQ headquartered? | CHEQ is headquartered in Tel Aviv, Israel. |
| Is CHEQ publicly listed? | No, CHEQ is a private, VC-backed company. |
| What is CHEQ's valuation? | CHEQ was last valued at $1B in its Series C in February 2022. |
| How much funding has CHEQ raised? | CHEQ has raised $182M across 4 funding rounds. |
| What was CHEQ's last funding round? | CHEQ's last funding round was a $150M Series C in February 2022, led by Tiger Global. |
| Who are CHEQ's investors? | CHEQ's investors include Battery Ventures, Phoenix Financial, Ehud Levy, Hanaco Venture Capital, Key 1 Capital, MizMaa Ventures and Tiger Global. |
| What is CHEQ's revenue? | CHEQ's latest recorded revenue is $4M (February 2022). |
| Which companies are comparable to CHEQ? | Companies comparable to CHEQ include iSpot.tv, Swiftly, Taboola, Vobile, Ibotta and Outbrain. |
| How many companies has CHEQ acquired? | CHEQ has acquired 3 companies, including Deduce, Ensighten and ClickCease by CHEQ. |
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