Former Israeli Military Intel Personnel Launch New Crypto Firm Blockaid with $33 Million in Funding Web3 security company Blockaid said it has emerged from stealth with $33 million in funding to protect users from fraud, phishing, and hacks.
The company, founded in September 2022, concluded its series A funding round, bringing the total raised to $33 million, led by Ribbit Capital and Variant, with participation from Cyberstarts, Sequoia Capital, and Greylock Partners, it said.
Blockaid plans to use the funds to fuel the company's growth and scale the product, customer base, and team.
Per the press release:"In under a year, Blockaid has not only secured a recent funding boost but has also come out of stealth, revealing some of its inaugural customers: Metamask, Opensea, Rainbow, and Zerion — with more to be announced soon."
Their common goal is to protect millions of users from malicious transactions before they occur. Blockaid enables users to trust using wallets, decentralized applications (dapps), and smart contracts by preemptively validating all transactions, it said.
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