Blockaid Secures $50 Million in Series B Funding

Blockaid Gains $50 Million for Blockchain Security Expansion

Blockchain security specialist, Blockaid, has announced the successful acquisition of $50 million in a Series B funding round. This new influx of capital will be directed towards advancing research, enhancing engineering capabilities, and developing new products.

Funding Support and Growth

Ribbit Capital spearheaded the funding round, while additional support came from GV and several ongoing supporters such as Variant and Cyberstarts. The gathering of these funds coincides with a marked increase in demand for blockchain security, driven by financial institutions and fintech firms increasingly incorporating on-chain operations.