CertiK Ventures Announces $45 Million Investment Plan, Including Free Access to Community Security Tools

New York, US, September 19th, 2024, Chainwire

On September 19, 2024, leading Web3 security firm CertiK, CertiK Ventures, OKX Ventures, and OKX Wallet hosted the “New Round, New Path” event during Token2049. During this event, CertiK announced a comprehensive upgrade of its products and services, which cover the entire life cycles of Web3 projects. Additionally, CertiK announced the launch of its free community security tools, including Token Scan and Wallet Scan, to support the evolving community. CertiK’s highly anticipated CertiK Ventures will invest $45 million in these endeavors to support high-potential, burgeoning Web3 projects.

CertiK is a first mover in Web3 security with a valuation of $2 billion, making it the highest-valued Web3 security company to date. Its investors include prominent institutions such as Insight Partners, Sequoia Capital, Tiger Global, and Goldman Sachs. CertiK’s core services include auditing, security scoring, compliance and anti-money laundering (AML), KYC, penetration testing, and incident response. To date, CertiK has provided security services to more than 4,700 projects across 150 countries, including renowned Web3 companies such as Ton, Ripple , Aptos, and Binance. The official launch of CertiK Ventures during Token2049 completes CertiK’s full-chain security solution, enabling its upgraded product suite to support projects from their early stages to becoming major industry players.

In addition, CertiK has introduced a range of free security tools, starting with Token Scan and Wallet Scan, to help users safeguard their assets. CertiK developed these tools based on extensive experience in conducting more than 70 white-hat operations, reporting more than 4,000 security incidents, discovering 115,000 code vulnerabilities, and protecting approximately $360 billion in assets. These free tools are designed to offer substantial support and empowerment to the community.

CertiK’s latest initiatives are not just product and service upgrades; they represent empowerment of and dedication toward Web3 security. With the announcement of its $45 million investment plan, CertiK Ventures will help drive the development of high-potential projects, accelerating the integration of innovation and security within the Web3 ecosystem.

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This article was originally published on Chainwire

Source: Investing.com