Overview

Certik focuses on providing security solutions for blockchain technology and decentralized finance (DeFi) projects. The company offers services such as security audits, penetration testing, and continuous monitoring to ensure the safety and integrity of smart contracts and blockchain applications. Their products, including Skynet and SkyTrace, allow clients to monitor their systems continuously for vulnerabilities and fraudulent activities. Certik stands out from competitors by specializing in the security aspect of blockchain, catering specifically to developers and platforms in the cryptocurrency space. The main goal of Certik is to enhance the security of blockchain projects and help clients mitigate risks associated with potential vulnerabilities.

Simplify's Take

What believers are saying

• Rising demand for security services due to increased cryptocurrency thefts boosts CertiK's market.
• Partnerships with Morpheus Labs expand CertiK's reach in the Asia-Pacific region.
• AI-driven trading growth in DeFi presents opportunities for CertiK's AI-based solutions.

What critics are saying

• Increased cryptocurrency thefts challenge CertiK's ability to ensure client security.
• Phishing attacks highlight a growing threat to CertiK's reputation as a security leader.
• Frequent deployment of untested code in Ethereum projects increases vulnerability risks.

What makes Certik unique

• CertiK leverages AI to enhance blockchain security and smart contract audits.
• Partnerships with Hong Kong Cyberport position CertiK as a leader in blockchain education.
• CertiK's Skynet and SkyTrace tools offer continuous monitoring for blockchain protocols.

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Funding

Total Funding

$300.1M

Above

Industry Average

Funded Over

3 Rounds

Notable Investors:

Tiger GlobalCoatue ManagementInsight PartnersLightspeed Venture PartnersSoftBank

Notable Investors:

Tiger GlobalCoatue ManagementInsight PartnersLightspeed Venture PartnersSoftBank

$88,000,000

Series B

Apr 2022

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.

Series B Funding Comparison

Above Average

Industry standards

Ind Avg. $35M

$4M

$30M

$45M

$65M

$88M

$100M

View all funding stages