“The FUNDING WILL HELP The Company Scale Operations As Blockchain Adoption Accelerates.”, – WRITE: www.coindesk.com
Ribbit Capital Led The Round, with Backing from GV and Existing Investors Including Variant and Cyberstarts, The Company SAID. The Funding ComESS as Demand for Blockchain Security Rise, with Major Financial Institutions and Fintech Firms Expanding their on -chain Operations.
BlockAid, whoh Started Operations in 2023 and Raissed $ 27 Million in a Series A Round, Provides Real-Time Threat Detection for Blockchain Transactions. The Company Integrates Directly with Wallets and Decentralized Applications (Dapps) to Secure Users from Malicious Actors. Last Year, The Platform Scanned More than 2.4 Billion Transactions and Blocked 71 Million Attacks.
“While the Blockchain ITSELF is Secure, on -chain Applications and The users that interact with them are at risk,” CEO Ido Ben-Natan Said in A Statement. “This Investment Will Help US Continue to Advance Our Machine Learning Capabilites and Expand Our Current Offers to Stay Ahead in A Highly Adversarial Landscape of EvolVing Threates.
Blockaid’s Security Network i Used by Companies Such as Coinbase, Metamask, Uniswap and Stellar.
The Investment Follows A Surge in Blockchain Activity, With Stablecoin Transaction Volume Reaching $ 8.5 Trillion in The Latter Half of 2024.
See Also: More Than Half of Crypto Tokens DEBUTED IN 2024 WERE MALICIES: BLOCKAID
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