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- Blockaid raised $50M to expand security, blocking 71M attacks and securing $101B in assets.
- In 2024, Blockaid scanned 2.4B transactions and prevented $5.3B in potential blockchain losses.
- With $50M funding, Blockaid enhances blockchain security for Coinbase, Uniswap, and more.
Security firm Blockaid secured $50 million in Series B financing through a combination of investments from Ribbit Capital and GV and returning investors from Variant and Cyberstarts. The investment will help the firm extend its business operations while improving security products since the marketplace rapidly adopts blockchain technology.
Growing Demand for Blockchain Security Solutions
As blockchain-related activities rise, an intensified demand for powerful security measures exists. Blockaid delivers instant threat identification during blockchain dealings which directly access wallets and decentralized applications (dApps) to protect users from harmful attacks. In the previous year Blockaid performed 2.4 billion transaction scans while blocking 71 million attacks thereby protecting key Web3 institutions including Coinbase and Uniswap and MetaMask.
Founded in 2023, Blockaid has quickly become a leading provider of blockchain security. The company has already secured over $101 billion in assets, preventing over $5.3 billion in potential losses. With financial institutions such as J.P. Morgan, Fidelity, and UBS increasingly exploring blockchain technology, the demand for comprehensive on-chain security solutions is expected to continue rising.
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…
— Wu Blockchain (@WuBlockchain) February 18, 2025
Advanced Security Capabilities Powered by Machine Learning
Blockaid’s success stems from its advanced machine learning models, which are specifically designed for threat detection on blockchain networks. The optimization of these models enables them to stop dangerous activities from reaching the blockchain. The direct connection of the firm to major Web3 wallets gives the company access to the biggest collection of real-time transaction data thus improving its ability to defend users from new security hazards.
In addition to real-time monitoring, Blockaid’s platform provides end-to-end security, ensuring both internal teams and end-users are protected. Its Internet-wide monitoring system detects risks early, helping to prevent attacks before they cause harm. This comprehensive approach makes the firm a key player in blockchain cybersecurity.
Plans for Expansion Amid Rapid Blockchain Growth
Blockaid will direct its recent funding toward operational growth and subsequent advancements in research together with development projects. The organization pursues product expansion to satisfy rising needs for security solutions between financial institutions alongside Web3 companies while enhancing its machine learning capabilities. With the additional funding the firm will develop its research and engineering departments to protect its position as a leading blockchain security provider in this dynamically changing field.
As blockchain technology continues to gain mainstream adoption, particularly in the realms of decentralized finance (DeFi) and fintech, the demand for reliable cybersecurity solutions will only increase. Blockaid’s investment in expanding its platform positions the company to continue providing critical protection for businesses and consumers engaging in blockchain transactions.