Summary: Blockaid, a blockchain application security startup, has successfully raised million in a Series B funding round, increasing its total capital to million. The platform focuses on safeguarding blockchain applications from cyber threats through various security measures. The company aims to enhance its research and development efforts to meet the rising demand for robust blockchain security solutions.
Affected: Blockaid, cryptocurrency exchanges, and blockchain applications
Keypoints :
- Blockaid’s security platform protects against cyberattacks, scams, and fraud.
- Major industry players like Coinbase and Uniswap utilize Blockaid’s services.
- The startup has blocked over 71 million attacks and prevented over .3 billion in losses.
- Funds will be used to expand R&D, engineering, and market presence to address evolving threats.
Source: https://www.securityweek.com/blockaid-raises-50-million-to-secure-blockchain-applications/