Blockaid

growth-positive

Blockaid, an Israeli onchain security platform, announced a $50 million Series B financing round led by Ribbit Capital, with participation from Google Ventures and other existing investors. The company, which protects major blockchain companies like Coinbase and Metamask, plans to use the funds to expand operations and R&D. Since its launch in October 2023, Blockaid has secured over $101 billion in assets and prevented $5.3 billion in potential losses. The company has rapidly become a leader in onchain security, outpacing revenue targets in 2024 due to increased demand for blockchain security solutions. Blockaids advanced machine learning models and real-time transaction data integrations position it as a key player in the cybersecurity landscape.

growth-positive

Blockaid, a crypto security platform, has raised $50 million in a Series B funding round led by Ribbit Capital, with participation from Variant and Cyberstarts. This follows a previous $27 million Series A round. The company, founded in 2022, has grown rapidly, expanding its workforce from 20 to 70 employees, with plans to double by the end of the year. Blockaids AI-driven platform has blocked 71 million attack attempts, preventing over $5.3 billion in potential losses. The platform protects assets worth $101 billion and serves industry leaders like Coinbase, MetaMask, and Uniswap. As blockchain adoption grows, Blockaid aims to address complex security challenges in the crypto space.

growth-positive

Coinbase integrated the solutions of Israeli startup Blockaid into its Wallet app five months ago to enhance user security. The integration has reportedly prevented over $75 million in funds from being stolen and blocked nearly 800,000 wallet connections to malicious dApps by scanning and analyzing 114 million transactions and dApp connections. Blockaid, a Web3 security company, raised a $27 million Series A round in October led by Ribbit Capital and Variant, with participation from Cyberstarts, Sequoia Capital, and Greylock Partners.

growth-positive

Israeli cybersecurity startup Blockaid has raised $27 million in a Series A funding round led by Ribbit Capital and Variant, with participation from Cyberstarts, Sequoia Capital, and Greylock Partners. Blockaid, which provides security for Web3, has raised a total of $33 million to date. The companys platform ingests data from scanning, simulating, and validating decentralized applications (dApps) and transactions across the web. Blockaids customers include MetaMask, OpenSea, Rainbow, and Zerion. Over the past six months, the company has scanned over 450 million transactions, prevented 1.2 million malicious transactions, and secured over $500 million of user funds.