Blockoid, a cybersecurity firm specialized in Blockchain security, said it raised $ 50 million in a Bre series financing round to help expand research, engineering and product development.
Ribbit capital led the round, with the support of GV and existing investors, including Variant and Cybersarts, said the company. The financing occurs when the demand for Blockchain security increases, with the main financial institutions and the Fintech companies that expand their operations in the chain.
Blockoid, which began operations in 2023 and raised $ 27 million in a round of series A, provides real -time threat detection for blockchain transactions. The company is integrated directly with wallets and decentralized applications (DAPPS) to ensure users of malicious actors. Last year, the platform scanned more than 2.4 billion transactions and blocked 71 million attacks.
“While the block chain itself is safe, applications in the chain and the users who interact with them are at risk,” said Ben-Natan CEO in a statement. “This investment will help us to continue moving our automatic learning capabilities and expand our current offers to stay at the forefront in a highly adversary panorama of evolving threats.”
The blockaid safety network is used by companies such as Coinbase, Metamk, Uniswap and Stellar.
The investment follows an increase in Blockchain activity, with the volume of stablecoin transactions that reaches $ 8.5 billion in the second half of 2024.
See also: more than half of the cryptographic tokens debuted in 2024 were malicious: block
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