Blockaid, a cybersecurity company specializing in blockchain safety, said it has collected $ 50 million in a Bin Building Tower to help extend research, engineering and product development.
Ribbit Capital led La Ronde, with the support of GV and existing investors, including variants and cyberstarts, said the company. Funding comes as the blockchain security demand increases, the main financial institutions and fintech companies expanding their operations on the channel.
Blockaid, which started operations in 2023 and lifted $ 27 million in a series A series, provides real -time threat detection for blockchain transactions. The company integrates directly into portfolios and decentralized applications (DAPP) to secure users of malicious actors. Last year, the platform swept over 2.4 billion transactions and blocked 71 million attacks.
“Although the blockchain itself is secure, chain applications and users who interact with them are at risk,” CEO Ido Ben-Natan said in a statement. “This investment will help us to continue to advance our automatic learning capacities and to extend our current offers to stay ahead in a highly contradictory landscape of evolving threats.”
The Blockaid security network is used by companies such as Coinbase, Metamask, Uniswap and Stellar.
The investment follows an increase in blockchain activity, the volume of stablecoin transactions reaching 8.5 billions of dollars in the second half of 2024.
See also: more than half of the crypto tokens started in 2024 were malicious: Blockaid
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