CertiK Ventures Launch

Web3 security firm CertiK has introduced its venture arm, CertiK Ventures, which will invest $45 million in new in-house products and other opportunities, as announced on Thursday.

> "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," the firm stated.

In addition to startups, CertiK Ventures will fund two new free security tools: Token Scan and Wallet Scan, aimed at helping users protect their assets from malicious tokens and wallet codes.

CertiK is backed by major investors like Sequoia Capital, Tiger Global, and Goldman Sachs, boasting a valuation of $2 billion, making it the highest-valued web3 security company. The firm has reportedly collaborated with over 4,700 projects across 150 countries, including Ton, Ripple, Aptos, and Binance.

However, CertiK faced criticism in June after withdrawing $3 million from Kraken due to a vulnerability without promptly notifying the exchange, and has been accused of front-running bug bounty programs.