Web3 Security Company Blockaid Raised $33M, Led by Ribbit Capital and Variant

Web3 Security Company Blockaid Raised $33M, Led by Ribbit Capital and Variant
Source: Blockaid

Web 3 security company Blockaid raised $33 million in funding. The funding came in two rounds with $6 million seed and $27 million Series A. Investors for seed round include Sequoia Capital, Greylock Partners and Cyberstarts. The Series A round saw participation from all three investors, as well as Ribbit Capital and Variant, who both co-led the round.

Blockaid offers web3 security tools to help prevent crypto fraud, phishing and hacks. Blockaid can fully examine off-chain signatures (EIP-712s) as effectively as on-chain transactions.

Ido Ben-Natan, co-founder and CEO of Blockaid said:

"We simulate and validate blockchain transactions before they are executed. Our dApps Scanning Engine fully simulates all possible user interactions on any dApp. It does this through our dApp Scanning Sandbox, which validates whether the interactions — and the dApp itself — are malicious."

Clients of Blockaid include MetaMask, OpenSea, Zerion Wallet and Rainbow Wallet. The firm aims to onboard more clients with the fresh capital.

Stay updated with the most important cryptocurrency news and valuable insights, conveniently delivered to your email every day. Subscribe to the TokenInsight mailing list now!

Prefer social media? Follow us on Twitter, or subscribe to our Telegram channel!

If you have news reports or announcements that you want to reach a wider audience, feel free to email us at news@tokeninsight.com

Source

Fund Raising

Related News
Praxis gets $525M for utopic crypto, AI-friendly city Praxis gets $525M for utopic crypto, AI-friendly city
Decentralized Stablecoin Minting Protocol M^0 Raised $35M, Led by Bain Capital Crypto Decentralized Stablecoin Minting Protocol M^0 Raised $35M, Led by Bain Capital Crypto
Decentralized Identity Project Humanity Raised $30M, Led by Kingsway Capital Decentralized Identity Project Humanity Raised $30M, Led by Kingsway Capital
Sophon Raised $60M Through a New Funding Method Node Sale Sophon Raised $60M Through a New Funding Method Node Sale
Berachain Raised $100M Series B Round, Led by Framework Ventures and BH Digital Berachain Raised $100M Series B Round, Led by Framework Ventures and BH Digital
Latest News More More
11 Hours Ago ZetaChain resumes block production after a six-hour outage
11 Hours Ago Coinbase shares drop 15% after weaker-than-expected earnings report
1 Day Ago Coinbase pledges $25 million to Fairshake PAC for pro-crypto candidates in 2026 midterms
1 Day Ago MicroStrategy announces plan to raise $42 billion to buy more bitcoin
2 Days Ago Filecoin's largest protocol Glif set to airdrop 100 million tokens
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open