CHEQ Revenue, Valuation, Funding & Investors

CHEQ is valued at $1B as of February 2022.

See full CHEQ profile

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

CHEQ Overview

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

IsraelTel Aviv

Website

cheq.ai

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
CHEQ valuation by funding round
DateStageValuationRevenue Multiple
Feb 2022Series C$1B250.0x
Nov 2019Series B$1B-

CHEQ Revenue

CHEQ's latest recorded revenue is $4M, as of its Series C in February 2022.

CHEQ revenue by funding round

CHEQ revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Feb 2022$4M$1B250.0xSeries 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

CHEQ funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Feb 2022Series CTiger Global (lead); Battery Ventures; Hanaco Venture Capital; Key 1 Capital; Phoenix Financial$150M$1BCHEQ 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 2019Series BBattery Ventures (lead); MizMaa Ventures (lead); Phoenix Financial$26M$1BCHEQ 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 2018Series ABattery 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 2016SeedEhud 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

Investors in CHEQ by funding rounds participated
InvestorHQRoundsRoleFirst check
Battery VenturesUnited StatesBoston, MA3LeadJun 2018
Phoenix FinancialIsraelIsrael2ParticipantNov 2019
Ehud LevyIsraelIsrael1ParticipantMar 2016
Hanaco Venture CapitalIsraelTel Aviv1ParticipantFeb 2022
Key 1 CapitalIsraelHerzliya1ParticipantFeb 2022

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Acquisitions 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

Deduce
Ensighten
ClickCease 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 CountryUnited StatesUnited StatesIsrael
HQ City
Philadelphia, PA
San Francisco, CA
Tel Aviv
Deal Date30 Jan 202530 Aug 202223 Sep 2020
Valuationundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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CHEQ Competitors

CHEQ competitors include listed companies like Taboola, Vobile and Ibotta, and private ones like iSpot.tv, Swiftly and Outbrain.

Public and private companies comparable to CHEQ
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
iSpot.tvUnited StatesSeattle, WAPrivate$75M-$1B13.3x
SwiftlyUnited StatesSeattle, WAPrivate--$1B-
TaboolaUnited StatesUnited StatesPublicly listed$1.9B$121M$993M0.5x
VobileUnited StatesUnited StatesPublicly listed$366M$63M$976M2.6x
IbottaUnited StatesUnited StatesPublicly listed$342M$7M$972M2.4x
OutbrainUnited StatesNew York City, NYPrivate$950M-$921M1.0x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Taboola$1.9B$121M0.5x0.5x8.4x4.5x
Vobile$366M$63M3.1x2.6x18.0x20.1x
Ibotta$342M$7M2.5x2.4x114.9x15.3x
NSFOCUS$379M$37M2.6x2.4x26.1x25.6x
BeiJing Certificate$125M($12M)6.7x-(70.9x)-
MNTN$290M($10M)2.1x1.8x(63.5x)6.7x
Yubico$226M$19M3.3x3.2x39.7x25.6x
Rapid7$860M$63M1.3x1.3x17.4x6.8x

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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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