Blockaid Raises $50M to Blockchain Bad Guys: Cybersecurity Just Got a Power-Up!
Blockaid raises $50 million to enhance its blockchain application security platform, aiming to thwart cyberattacks. With plans to boost R&D and expand its teams, the company has already blocked over 71 million attacks, safeguarding $5.3 billion in potential losses. It’s like having a superhero for blockchain, minus the cape but with lots of code!
Hot Take:
Blockaid just scored a cool $50 million in funding—enough to make anyone feel like a crypto mogul. With that kind of cash, they could probably buy enough hardware wallets to chain themselves up like a medieval knight. But hey, if they’re keeping our blockchain safe from the dark forces of cybercrime, they deserve a crown (or at least a really nice chair)!
Key Points:
- Blockaid raised $50 million in a Series B funding round, bringing their total funding to $83 million.
- The funding was primarily led by Ribbit Capital, with contributions from GV and past investors.
- Blockaid offers a web3 security platform to protect blockchain applications from cyberattacks.
- The platform claims to have blocked over 71 million attacks and prevented over $5.3 billion in losses.
- New funds will be used to scale R&D, engineering, product, and go-to-market teams.
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