Crypto security platform Blockaid completes $50 million Series B financing, led by Ribbit Capital

On February 18th, according to Bloomberg, the encryption security platform Blockaid recently completed a Series B financing of $50 million, led by Ribbit Capital, with GV (formerly Google Ventures) and existing investors Variant and Cyberstarts participating. This financing will help Blockaid deal with the growing network crime risks in the digital asset field. In 2024, Blockaid successfully intercepted 71 million potential attacks, avoiding $5.3 billion in losses. The company expects that with the growth of users and the rise in token prices, network attack incidents will surge to "hundreds of millions" in 2025. Blockaid plans to use this funding to expand operations and increase research and development investment, with the number of employees expected to double this year. CEO Ido Ben-Natan said that due to changes in the regulatory environment in the United States and the surge in demand, the company is currently facing a shortage of manpower.