CertiK is planning an initial public offering (IPO) with a target valuation of $2 billion, aiming to become the first public Web3 cybersecurity company. The IPO ambition underscores CertiK’s strategic positioning in the rapidly evolving crypto security market.
Since its establishment in 2018, CertiK has served over 5,000 clients and reviewed code protecting around $600 billion in assets, indicating its significant influence and demand in the blockchain security sector. CertiK has raised $296 million since its inception, with major investors including Binance, SoftBank Vision Fund, Tiger Global, and Goldman Sachs, showcasing its strong fundraising capabilities and market trust. Despite facing criticism for auditing code linked to cybercriminals, CertiK is committed to restoring market trust through its IPO and technological innovations, emphasizing the importance of security and transparency in the Web3 ecosystem.
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