Cybersecurity firm Blockaid raises $50M in Series B funding. https://t.co/PIjeQ7GmfT
[BLOOMBERG] Ribbit Leads $50 Million Investment in Crypto Security Platform
Crypto security company Blockaid has completed a $50 million Series B financing round, led by Ribbit Capital, with participation from GV (formerly Google Ventures), Variant and Cyberstarts. This round of financing will be used to expand the team and respond to the growing…
Crypto fraud prevention platform Blockaid has successfully raised $50 million in a Series B funding round led by Ribbit Capital. The company, which operates out of Tel Aviv and New York, specializes in providing crypto security tools and claims to have thwarted 71 million cyber attacks in 2024. The funding round also saw participation from GV (formerly Google Ventures), Variant, and Cyberstarts. The capital raised will be utilized to expand Blockaid's team and enhance its response to the increasing demand for cybersecurity in the cryptocurrency space.
