CertiK Ventures Launches with $45 Million Investment Plan

Web3 security firm CertiK recently launched its venture arm, CertiK Ventures, announcing plans to invest $45 million in in-house products and other opportunities.

“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,” stated the firm.

Besides investing in startups, CertiK Ventures aims to support two new free security tools, Token Scan and Wallet Scan, designed to help users protect their assets from malicious tokens and wallet codes.

Supported by firms like Sequoia Capital, Tiger Global, and Goldman Sachs, CertiK is valued at $2 billion, making it the highest-valued web3 security company. The firm boasts collaborations with over 4,700 projects in 150 countries, including Ton, Ripple, Aptos, and Binance.

In June, Certik faced backlash after withdrawing $3 million from Kraken, failing to immediately inform the exchange about a discovered vulnerability. The firm was also accused of front-running bug bounty programs.