Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Blockaid closes $50 million Series B to expand its machine learning security offerings

Blockaid closes $50 million Series B to expand its machine learning security offerings

The BlockThe Block2025/02/17 16:00
By:The Block

Quick Take Onchain security platform Blockaid has raised $50 million in a Series B led by Ribbit Capital. The company provides security solutions for some of the largest crypto firms and projects, including Coinbase and MetaMask.

Blockaid closes $50 million Series B to expand its machine learning security offerings image 0

Onchain security platform Blockaid has raised a $50 million Series B at an undisclosed valuation, according to an announcement released on Tuesday. The round was led by Ribbit Capital, with participation from GV and existing investors, including Variant and Cyberstarts.

Blockaid is a cybersecurity technology provider for some of the leading firms and projects in crypto, including Coinbase, Metamask, Stellar, Uniswap and World App. The platform,  launched in 2023, secures over $101 billion in assets.

“The company outpaced its revenue targets amid surging demand for comprehensive blockchain security solutions,” Blockaid wrote in a statement. 

Blockaid uses machine learning models to scan transactions and decentralized application connections to detect potential threats. According to the firm, its tech detected and blocked more than 71 million attacks and identified over 15 million malicious dApps.

The company plans to use the funding to expand its research, product, engineering and go-to-market teams as it begins to see more business from outside crypto-native projects, including in the banking, fintech and hedge fund sectors. 

Blockaid has raised a total of $83 million, including its seed round.

This most-recent funding round represents the latest sign that the venture financing freeze in crypto is coming to an end. Following the market contagion of 2023 — beginning with the death spiral of Terra/UST and culminating in the collapse of the FTX fraud — VCs began to pull back support of the industry. 

According to The Block’s data dashboard , venture backing of blockchain startups rose to $13.7 billion in 2024 from the $10.7 billion deployed in 2023. However, funding remains far below the peaks of $33.3 billion in 2022 and $29 billion in 2021.

As The Block previously reported , however, many VCs view the Trump administration as a turning point for the industry and plan to begin investment more frequently. 


0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

El Salvador Adds 8 BTC, Total Holdings Now 6,243

El Salvador boosts its Bitcoin reserves by 8 BTC in a week, reaching 6,243.18 BTC in total.A Bold Crypto Strategy with Long-Term VisionEyes on the Future

Coinomedia2025/07/21 00:40
El Salvador Adds 8 BTC, Total Holdings Now 6,243