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.png "Blockaid Secures $50M Series B to Combat Rising Crypto Cybercrime and Scale On-Chain Security Platform")
February 18, 2025 – Blockaid, a leading blockchain security platform, today announced it has raised $50 million in Series B funding, led by Ribbit Capital with participation from GV (formerly Google Ventures), Variant, Cyberstarts, and other existing investors. This latest round follows a $33 million seed round in October 2023, bringing the company's total funding to $83 million. The investment underscores the growing need for robust security solutions in the rapidly evolving digital asset landscape, where cybercrime and exploits pose significant threats.
Blockaid will leverage the funding to aggressively expand its product and engineering teams, bolster go-to-market operations, and deepen its research capabilities to proactively address emerging threats. The company's platform offers comprehensive, end-to-end on-chain security, enabling real-time detection and response to fraud, scams, exploits, and financial risks. Blockaid's unique approach combines dedicated security research, pre- and post-transaction visibility, and internet-wide scanning to identify and neutralize threats at their source.
Key features of the Blockaid platform include:
- End-User Protection: Direct integrations with popular wallets and dApps provide real-time alerts and prevent malicious transactions, safeguarding users from scams, phishing, and hacks.
- On-Chain Asset Security: Real-time monitoring and automated response mechanisms protect smart contracts, infrastructure, and externally owned accounts (EOAs) from exploits and financial risks.
- Crypto Fraud Detection: Advanced AI and machine learning algorithms identify and prevent sophisticated fraud schemes, including "pig butchering" and other emerging threats.
- Operational Security: Tools for hedge funds and trading desks enable risk monitoring, anonymity maintenance, and automated threat response.
- Superior Threat Intelligence: Blockaid's extensive network, combined with on-chain and off-chain data analysis, provides unparalleled threat detection capabilities.
Blockaid's impact to date:
- $101 billion in assets secured
- $5.3+ billion in losses averted
- 2.4 billion transactions scanned
- 71 million attacks prevented
- 787 million dApp connections protected
Industry Leaders Endorse Blockaid:
Blockaid's platform has garnered significant industry support, with endorsements from leading companies like Coinbase, Consensys (MetaMask), OpenSea, Zerion, Ava Labs (Core), and Backpack. These partnerships demonstrate the platform's effectiveness in mitigating risks and enhancing security across the Web3 ecosystem. [Include short quotes from partner testimonials if available and relevant].
About Blockaid:
Blockaid is a Web3 cybersecurity company dedicated to building a safer and more secure decentralized future. The company's platform provides comprehensive on-chain security solutions for individuals, institutions, and developers, protecting against a wide range of threats. Blockaid is backed by leading investors, including Ribbit Capital, GV, Variant, and Cyberstarts.
Compiled by CMO Intern team
