What to know:
- Blockaid, the valiant knight of blockchain security, has secured a whopping $50 million in Series B funding, led by the noble Ribbit Capital, with a merry band of investors joining the feast.
- In a heroic quest, the company scanned over 2.4 billion transactions and thwarted 71 million attacks last year. Talk about a busy day at the office! 🦸♂️
- With dreams as big as their funding, Blockaid plans to bolster its research and engineering teams to cater to the ever-growing demands of financial institutions and Web3 adventurers.
Ah, Blockaid! A cybersecurity firm that has taken up the mantle of protecting the blockchain realm, proudly announcing its $50 million bounty from a Series B funding round to fuel its quest for research, engineering, and product development. Who knew saving the world could be so lucrative? 💸
Led by the gallant Ribbit Capital, with support from GV and other wise investors like Variant and Cyberstarts, this funding arrives as the call for blockchain security echoes louder than a town crier in a bustling market. Major financial institutions and fintech firms are expanding their on-chain operations, and Blockaid is here to answer the call! 📈
Since its inception in 2023, Blockaid has raised $27 million in a previous Series A round. They provide real-time threat detection for blockchain transactions, integrating directly with wallets and decentralized applications (dapps) to shield users from the lurking dangers of malicious actors. Last year alone, they scanned more than 2.4 billion transactions and blocked a staggering 71 million attacks. Who knew the blockchain was such a dangerous place? 😱
“While the blockchain itself is secure, on-chain applications and the users that interact with them are at risk,” declared the wise CEO Ido Ben-Natan. “This investment will help us continue to advance our machine learning capabilities and expand our current offerings to stay ahead in a highly adversarial landscape of evolving threats.” Sounds like a plot twist worthy of a novel! 📚
Blockaid’s security network is the trusted shield for companies like Coinbase, MetaMask, Uniswap, and Stellar. They must be feeling pretty safe, right? 🛡️
The investment comes on the heels of a blockchain activity surge, with stablecoin transaction volume skyrocketing to $8.5 trillion in the latter half of 2024. Who knew digital coins could be so popular? 💰
See also: More Than Half of Crypto Tokens Debuted in 2024 Were Malicious: Blockaid
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2025-02-18 19:24