Blockaid has completed a $50 million Series B funding round, with Ribbit Capital as the lead investor.

BlockBeats News, February 18th, according to Bloomberg, the cryptocurrency security platform Blockaid has recently completed a $50 million Series B funding round, led by Ribbit Capital, with participation from GV (formerly Google Ventures) and existing investors Variant and Cyberstarts. This funding round will help Blockaid address the increasing network security risks in the digital asset space.

In 2024, Blockaid successfully blocked 71 million potential attacks, avoiding $5.3 billion in losses. The company anticipates that with user growth and rising token prices, network attack events will surge to "hundreds of millions" in 2025. Blockaid plans to use this funding to expand its operations and increase research and development investment, with the expectation of doubling its workforce this year. CEO Ido Ben-Natan stated that due to regulatory changes in the United States and increased demand, the company is currently facing a staffing shortage.