Certik, a blockchain security startup, has raised $24 million in its Series B+ round. The startup attributed the success of this round to GL Ventures and Tiger Global that co-led it.
This round is an extension of its Series B round earlier this year where it raised $37 million. Thereby making both the Series B and B+ cumulate to $61 million.
Therefore, the entire Series B & B+ funds alongside the Series A funds totals more than $70 million.
According to the company, this round will be channeled towards ensuring the growth of Certik. And by growth, the startup meant two things: team expansion and technical development.
Certik hopes to bring more talents, with fresh and innovative input, into its team. Secondly, the startup wants to level-up its services of blockchain security to better protect the ecosystem.
With this fund, Certik has introduced “Skynet Premium,” a monitoring platform that alerts enterprise clients of real-time risk. So far, Certik claimed to have 1,300 clients and detected 23,000 security weaknesses in blockchain nodes. Thereby protecting crypto worth more than $90 billion.
The rise of SaaS startups like Certik is needed in the blockchain ecosystem as several security threats are assailing it. Recall the recent hacks that happened to Fetch.ai, Poly Network, Solana, and Chainswap.