Security News > 2021 > July > CertiK raises $37M to accelerate the development of innovative products and expand the team

Founded in 2018 by professors of Yale University and Columbia University, CertiK is a pioneer in blockchain security, utilizing AI technology to audit and monitor blockchain protocols and smart contracts.

"Decentralized finance has grown enormously over the last 18 months, giving millions of people access to innovative financial tools and savings products. With such rapid innovation, security is of the utmost importance," said Kai Jiang, a partner at Coatue Management, L.L.C. "We are excited to participate in this funding round and look forward to seeing CertiK strengthen its position as a leader in blockchain security."

In addition to code auditing, CertiK offers an advanced platform, Skynet, that leverages on-chain and off-chain data - including social sentiment, privileged governance controls, market volatility, suspicious transactions, and more - to provide real-time insights into the security of DeFi applications.

"The power of blockchain boils down to the power of the people," said CertiK co-founder Professor Ronghui Gu. "We're proud to advance transparency in the space by providing the tools and resources - including our official audit reports - so the community can make sense of vital security information."

NYC-based CertiK is one of the fastest-growing startups in the blockchain security space.

The funding will be used to accelerate the development of innovative products, deepen end-to-end security capabilities, and expand the team with additional world-class talent.

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